The UK's £11B construction payment crisis is creating fintech winners. Birmingham’s fintech Saible just raised £2.9M — TFN

Saible has raised £2.9 million to expand its platform to simultaneously route construction payments to suppliers.

The raise lands as Parliament moves to ban retention payments and cap payment terms at 60 days.

Saible is piloting the model on a public-sector footbridge project with the Environment Agency and BAM Nuttall.

Birmingham-based fintech Saible has raised £2.9 million, £2.1 million already secured, plus a further £800,000 extension, to expand a platform built to prevent construction payments from stalling as they move down the supply chain.

The startup’s technology, called a Digital Parallel Payment Account, routes project funds directly to every approved supplier at once, rather than letting money cascade slowly from the main contractor down to the smallest subcontractor.