Buildnow, Saudi’s “Build Now Pay Later” (BNPL) company, has raised $9.7 million in a combination of debt and non-dilutive equity financing round led by Arbah Capital, with participation from STV through the NICE product.

Why it Matters? Buildnow also partnered with Joa Capital to launch the $80 million “Joa Infrastructure Fund I”

More to Know:

• Buildnow was founded in 2022 by Hisham Al Saleh, Rahat Dewan, and Abdulla Sheikh.
• This investment will enable Buildnow to expand its offerings and empower small and medium-sized enterprises (SMEs) in the construction sector.
• The round raised the total funding Buildnow has raised to date to $20 million.
• “Joa Infrastructure Fund I” will be focusing on the construction sectors.