Builtop, a fast-growing Saudi fintech startup in the construction and real estate sectors, has raised $11 million in a new funding round led by TAM Capital, with additional backing from other investors.
Founded in 2024 by Ayman Aljohani, Builtop simplifies construction procurement. It does so by offering digital sourcing and embedded finance tools that let contractors buy now and pay later. The company’s platform helps streamline supply chains, enhance cashflow, and improve project delivery timelines.
Builtop’s Vision for Smarter Construction
Builtop operates at the intersection of technology and construction finance. Its goal is to remove friction from material sourcing and payment cycles by connecting contractors, suppliers, and financial institutions on a single platform.
Key features include:
- Embedded finance and trade credit options for better cashflow management.
- AI-powered procurement systems that predict material demand and optimize costs.
- Transparent sourcing workflows that enhance accountability and traceability.
Through these solutions, Builtop supports developers and contractors in meeting tight deadlines without the usual financial bottlenecks.
Fueling Growth and Innovation
The new $11 million funding will help Builtop expand across Saudi Arabia’s booming construction market. The company plans to:
- Scale its digital procurement tools to serve more contractors and suppliers.
- Strengthen AI-driven systems that automate purchasing and financing processes.
- Build partnerships to support Vision 2030 infrastructure projects.
Founder and CEO Ayman Aljohani said the investment marks a major step toward making construction operations smarter, faster, and more efficient. “This funding allows us to expand our offerings and empower Saudi construction firms to meet national development goals,” he added.
Aligning with Saudi Vision 2030
Saudi Arabia’s Vision 2030 initiative aims to diversify the economy and modernize infrastructure. Builtop’s technology aligns with this goal by promoting digital transformation in one of the country’s most vital sectors.
By enabling seamless procurement and embedded financing, Builtop aims to become the digital backbone of Saudi construction—a role that could redefine how materials and payments flow through the industry.