Buildnow

Buildnow is a pioneering company in Saudi Arabia offering a unique 'Build Now Pay Later' solution, specifically designed to fund the purchase of raw materials on credit. This service is tailored to meet the needs of manufacturers, contractors, and traders who require quick access to materials to capture market opportunities and enhance project efficiency.

Buildnow operates in the construction and manufacturing sectors, focusing on small and medium-sized enterprises (SMEs). By providing credit for raw materials, Buildnow enables these businesses to grow, become more profitable, and build a credit history with Simah, the Saudi Credit Bureau.

The business model revolves around offering credit for raw material purchases through a fully digital and simple process. Clients can request credit via the Buildnow portal, and once approved, they can make purchases with cash upfront, saving up to 10% on costs. The company makes money through fees associated with the credit services provided.

Buildnow's impact is multifaceted: economically, it helps SMEs grow and gain access to financial markets; socially, it drives employment in critical sectors and improves the speed and efficiency of infrastructure and housing projects; and sustainably, it reduces emissions across the supply chain through optimized production and logistics.

Keywords: Build Now Pay Later, raw materials, credit solutions, SMEs, Saudi Arabia, construction, manufacturing, digital process, financial markets, supply chain optimization.