Construction fintech Saible raises £2.9m to expand payment control platform
This article covers Saible, a construction payments fintech startup, which has raised £2.9m in a seed funding round from angel investors. The funding will expand its payment-control platform, support regulatory engagement and take the product into more live projects to give funders and smaller suppliers across UK construction supply chains clearer oversight of payments.
Saible, a construction payments fintech startup, has raised £2.9m in a seed funding round from angel investors — £2.1m previously secured plus a further £800,000 angel tranche. The capital will be used to expand its payment-control platform, support regulatory engagement and move the product into more live projects where funders need clearer oversight of how money flows through construction supply chains.
Why it matters
Late and withheld payments are a chronic problem in UK construction, pushing small firms toward insolvency and creating downstream risk for projects. Research from Menzies cited by Saible found 93% of firms report late payments, with invoices on average 53 days overdue, and 86% already in or at risk of serious financial distress. The sector recorded more insolvencies than any other in the UK for the fourth year running, with 4,450 failures in 2025 and a further 1,180 in Q1 2026.
Saible’s model aims to reduce that friction by ensuring funds reach smaller suppliers several tiers below the main contractor at the same time as they reach larger firms, rather than relying on payments to trickle down the chain. That could blunt the informal use of held payments as free working capital and limit the knock-on effects that drive business closures.
Inside the product
Saible’s core mechanism is the Digital Parallel Payment Account, or DiPPA, which holds project funds in trust with regulated banking partner Griffin. Saible provides the software layer for approvals, verification and audit. Rather than payments passing sequentially from contractor to subcontractor, DiPPA releases funds simultaneously to approved firms across every tier.
The company is running public-sector pilots with the Environment Agency and contractor BAM Nuttall to test the model on live, government-backed work. The first pilot is planned for a footbridge replacement project valued at about £1.5m to £2m, due to begin in summer 2026 and running for 12 to 16 months. Saible says the pilots will complement work from a Cabinet Office-sponsored group that is examining payment problems in the sector.
Saible is also opening a limited £50,000 Crowdcube allocation from 15 July to 31 July to allow smaller construction businesses and industry participants to invest alongside its angel backers.
Who are the investors?
The announced round is made up of angel investors; Saible reports £2.1m already raised with an additional £800,000 angel allocation bringing the total to £2.9m. A small Crowdcube tranche of £50,000 will be available for a brief window in July to let smaller industry participants co-invest.
Investors say the attraction is practical: tighter payment controls reduce downstream risk and improve transparency across multi-tier projects. Phil Brown, Founder and Executive Chair at Causeway Technologies, provided the following comment in the announcement.
In the announcement, Phil Brown, Founder & Executive Chair at Causeway Technologies, 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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Founder perspective
In the announcement, Jarvey Moss, Co-founder & CEO at Saible, 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.
The bigger picture
Saible’s approach targets a narrow but high-impact problem in construction procurement and supply-chain finance. Past initiatives such as Project Bank Accounts highlighted the issue, but have not prevented hold-ups several tiers down. If DiPPA pilots with public bodies prove effective, they could inform procurement practice and regulatory thinking in the UK.
The deal also underlines continued interest from fintech investors in B2B payments and supply-chain finance solutions. With clear public-sector engagement and regulatory work on the horizon, Saible’s progress will be a bellwether for how technology can be used to reduce financial stress across construction supply chains in the UK and beyond.
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