Saible, a Birmingham-based construction FinTech developing software to prevent project funds being delayed, withheld or trapped before reaching suppliers, has secured £2.9m in funding.
The total comprises £2.1m previously raised alongside a fresh £800,000 angel round, bringing the company’s overall funding to £2.9m. In addition to the angel investment, Saible is launching a limited £50,000 allocation hosted on Crowdcube, running from 15 July until 31 July, giving smaller construction firms and industry figures the chance to invest alongside its existing backers.
The company is targeting what it describes as systemic cash extraction through late and non-payment in construction. Large projects can involve four or five tiers between the project owner and the smallest supplier, and at every level, money can be held up or retained, frequently because the firm sitting on it can treat it as free credit.
Research from accountancy firm Menzies shows 93% of construction businesses experience late payment, with invoices typically 53 days overdue, while 86% are in or close to serious financial distress. Construction has now topped UK insolvency figures for four consecutive years, with 4,450 failures in 2025 and another 1,180 in the first quarter of 2026.
Saible’s Digital Parallel Payment Account (DiPPA) holds project funds in a trust with regulated banking partner Griffin, while Saible supplies the platform handling approvals, verification and auditing. Money is distributed simultaneously to approved companies across every tier, rather than trickling down from contractor to subcontractor, meaning firms lower in the chain no longer depend on those above them passing funds along. Project owners pay a 0.25% fee on payment value, while the supply chain pays nothing.
The company is also running public-sector pilots with the Environment Agency and BAM Nuttall to trial its payment-control model on live government-backed projects. The first, a footbridge replacement valued at £1.5m–£2m, is expected to begin in summer 2026 and run for 12–16 months. The pilots follow work by a Cabinet Office-sponsored group looking at construction payment issues and aim to produce evidence that could shape wider public-sector payment reform.
Saible co-founder and chief executive Jarvey Moss 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.”
Causeway Technologies founder and executive chair and Saible investor Phil Brown 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.”
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