Saible Raises £2.9m to Combat Late Payments in UK Construction Supply Chains

Quick Summary

UK construction fintech Saible has secured £2.9m in funding to scale its construction payments fintech platform. By utilizing a Digital Parallel Payment Account (DiPPA), Saible ensures project funds reach subcontractors simultaneously, bypassing traditional payment delays and protecting small firms from the industry's systemic late payment epidemic.

How Does Saible Solve the Construction Late Payment Crisis?

Saible addresses the systemic cash extraction that plagues the UK construction sector, where 93% of firms report late payments. By implementing a trust-based payment structure with regulated partner Griffin, Saible bypasses the traditional "trickle-down" payment model that often traps capital at the top of the supply chain.

• Simultaneous fund release ensures all tiers are paid at the same time.
• 0.25% fee paid by project owners, keeping the supply chain cost-free.
• Automated verification reduces the administrative burden of manual audits.

"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." said Jarvey Moss, co-founder and chief executive of Saible.

What Impact Does the £2.9m Funding Have on Industry Stability?

The £2.9m angel investment enables Saible to expand its regulatory framework and launch high-profile pilots. With 4,450 construction insolvencies recorded in 2025, the platform provides a critical safety net as the Small Business Protections Bill moves to ban retention payments and cap terms at 60 days.

• £2.9m total funding raised to date via angel investors.
• £50,000 Crowdcube allocation opened for industry participation.
• Public sector pilots launching with the Environment Agency and BAM Nuttall.

"Project Bank Accounts recognised the right problem, but they were never built to protect payment all the way down the supply chain," said Phil Brown, founder and executive chair of Causeway Technologies and a Saible investor. "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."

FF NEWS TAKE:

Saible’s construction payments fintech solution truly moves the needle by tackling the structural rot of the industry: the use of subcontractor cash as free working capital. By leveraging embedded banking via Griffin, Saible isn't just offering a tool; it's enforcing a new standard of financial ethics. In a sector where 1,180 firms failed in Q1 2026 alone, this level of transparency is no longer a luxury—it is a survival requirement.