# Buildnow

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/buildnow

- Industry: Financial Services
- Headquarters: Riyadh, Saudi Arabia
- Website: www.buildnow.sa
- Total disclosed funding: $6.5M
- Latest round: Seed (Mar 4, 2024)
- Investors on record: 2

## About

Based in Riyadh, Saudi Arabia, and founded in 2022 by Hisham Al Saleh, Rahat Dewan, and Abdulla Sheikh, Buildnow operates as a property and financial technology company that offers build-now, pay-later loans to small and medium construction and manufacturing companies. The company digitally captures data points such as financials, legal standing, and market reputation of the buyer to assess credit risk and supplies materials on credit terms tailored for the buyer while paying cash upfront to the SME suppliers. In February 2025, Buildnow raised an undisclosed amount of venture funding co-led by new investors STV and Arbah Capital. The round was part of a larger USD 9.7 million equity and venture debt funding. The company leverages the credit management platform and extensive supply chain network to provide a Build Now, Pay Later (BNPL) solution, funding the purchase of raw materials on credit. The platform offers three key benefits: access to materials, digital convenience, and flexibility in purchasing from an expanded network. Buildnow plans to use its proceeds from February 2025 funding to support the expansion of its business operations.

## Funding rounds

- Seed, Mar 4, 2024, $6.5M — RAED Ventures, Khwarizmi Ventures

## Investors

- RAED Ventures (https://capitalatlas.ai/funds/raed-ventures) — Seed
- Khwarizmi Ventures (https://capitalatlas.ai/funds/khwarizmi-ventures) — Seed