ObraBank
Offering advance payments of receivables to suppliers contracted for the construction of projects.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | BRL20.0m | Early VC | |
| Total Funding | 000k | ||
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ObraBank operates as a specialized fintech within Brazil's real estate and construction sector, focusing on supply chain finance. The company was established as the winning project of the 2024 SRM Venture Builder Program, an initiative by SRM Ventures in partnership with Insper's Innovation Hub. This venture builder program was designed to connect experienced professionals with market opportunities, culminating in the creation of ObraBank.
The firm's core business is the anticipation of receivables, a financial service that addresses critical working capital needs for suppliers in the construction industry. It serves both real estate developers and infrastructure projects by providing liquidity to their contracted suppliers. The business model is designed to create a symbiotic relationship: it allows construction companies to extend their payment terms while simultaneously enabling suppliers of materials and services to receive immediate payment for their invoices. This injection of capital helps maintain the pace and quality of construction projects, mitigating delays caused by cash flow constraints.
ObraBank's service is delivered through a digital platform where suppliers can request advances against their contracts and invoices. The company offers two main products for receivables anticipation. The first allows suppliers to advance up to 30% of their total contract value even before work begins, with the amount being settled through deductions from future milestone payments. The second option permits suppliers to anticipate up to 100% of the value of completed work stages (medições). Upon its launch, announced in late 2024 and early 2025, ObraBank received an initial investment of R$20 million from SRM Ventures to fund its credit operations and business structure. The company demonstrated early traction, originating R$2 million in credit within its first 40 days of operation, and has set a goal to reach R$100 million by the end of 2025.
Keywords: receivables anticipation, fintech, construction finance, real estate, working capital, supply chain finance, credit services, proptech, B2B finance, venture builder