Construction fintech Saible raises £2.9m to expand payment platform

Birmingham-based construction fintech Saible has raised £2.9m from angel investors to expand software designed to improve payment transparency across construction supply chains. The company has also launched a crowdfunding campaign.

The funding comprises £2.1m already raised and a further £800,000 angel investment, taking Saible’s total funding to £2.9m.

Saible has developed its Digital Parallel Payment Account (DiPPA), a software platform that enables project payments to be verified, approved and released simultaneously to businesses across the construction supply chain. Funds are held in trust by regulated banking partner Griffin before being paid directly to approved suppliers, rather than moving sequentially from contractor to subcontractor.

The platform is designed to help address late payment, which remains a longstanding challenge for the UK construction industry.

Jarvey Moss, co-founder and chief executive of Saible, said: “Late payment in construction goes beyond the balance sheet. It creates pressure that runs through businesses, workers and families. When firms are waiting months beyond agreed terms, people are left worrying about whether they can pay staff, suppliers, and themselves.

“Payment in construction is dysfunctional and is in desperate need of better control. This funding allows us to expand our platform, support our regulatory work, and take Saible into more live projects with project funders that need clearer control over how money moves through the supply chain.”

Saible is working with the Environment Agency and BAM Nuttall on public sector pilot projects designed to test its payment model on live government-backed construction schemes.

The first pilot is expected to involve a £1.5m to £2m footbridge replacement project beginning during summer 2026, with results intended to help inform future public sector payment practices.

Phil Brown, founder and executive chair of Causeway Technologies and a Saible investor, said: “Project Bank Accounts recognised the right problem but they were never built to protect payment all the way down the supply chain. Saible is different because it gives clients and contractors a practical way to make sure money reaches the firms doing the work, not just the businesses at the top of the chain.”

Alongside the angel funding, Saible has opened a limited £50,000 Crowdcube allocation, allowing smaller construction businesses and industry participants to invest alongside its existing backers.

Earlier this year, TechSparx reported on the West Midlands’ £50 million Local Innovation Partnerships Fund, which aims to help innovative businesses commercialise new technologies and attract private investment. Saible’s latest funding round reflects continued investment in technology companies developing solutions for established industries across the region.

Image source: Saible