Saible

Saible, a Birmingham-based fintech specializing in construction payment solutions, has successfully secured £2.9 million in funding from angel investors. This capital injection will enable the company to further develop its platform and strengthen its regulatory framework, addressing the critical issue of delayed and non-payments within the construction industry supply chain.

Summary of transaction details:

• Value: £2.9 million
• Sector: Fintech
• Advisor: Not stated
• Key Entities: Saible (Target), Angel Investors (Investors)
• Location: Birmingham, UK

Note: This funding round highlights investor confidence in Saible's innovative approach to improving cash flow and financial stability for businesses within the construction sector, particularly smaller firms often impacted by systemic payment delays.