What is Buildnow?
Buildnow operates a sophisticated credit management platform designed to digitally assess buyer credit risk by capturing crucial data points such as financials, legal standing, and market reputation. Leveraging an extensive supply chain network, the company facilitates the supply of materials on credit terms tailored to buyers, while simultaneously providing upfront cash payments to SME suppliers. This model aims to bridge financial gaps and enhance the operational efficiency of businesses within its network.
How much funding has Buildnow raised?
Buildnow has raised a total of $9.4M across 1 funding round:
Angel/Seed
$9.4M
Angel/Seed (2024): $9.4M with participation from Raed Ventures and Khwarizmi Ventures
Key Investors in Buildnow
Raed Ventures
Raed Ventures is a venture capital firm focused on early-stage startups in the MENA region, providing resources and funding to help entrepreneurs scale their businesses and access new markets.
Khwarizmi Ventures
Khwarizmi Ventures partners with entrepreneurs in the GCC region, targeting seed to Series A stage startups across various sectors with the aim of enabling algorithms that will significantly impact the future.
What's next for Buildnow?
The recent major strategic investment positions Buildnow for accelerated growth and market penetration. With a substantial capital infusion, the company is poised to enhance its credit management platform, expand its supply chain network, and potentially explore new geographical markets. This funding is indicative of Buildnow's strong potential to disrupt traditional credit assessment and supply chain financing, likely moving it towards a scaling phase where operational expansion and market share acquisition are key objectives.
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