Birmingham-based construction fintech Saible has secured £2.9 million in angel funding to accelerate the rollout of its payment platform, which is designed to prevent project funds from being delayed, withheld or trapped within the construction supply chain, as reported by The Business Desk. The total comprises £2.1 million previously raised alongside a fresh £800,000 angel round.

Saible's core product is its Digital Parallel Payment Account (DiPPA), a software-automated project wallet that holds funds in a trust with regulated banking partner Griffin. Rather than funds trickling down from contractor to subcontractor, the platform releases payments simultaneously to all approved firms across every tier of the supply chain, removing the dependency smaller firms have on those above them passing money along. Project owners pay a 0.25 per cent fee of the payment value and the supply chain pays nothing.

Jarvey Moss, co-founder and CEO of Saible, said: "Late payment in construction goes beyond the balance sheet, it creates pressure that runs through businesses, workers and families. Payment in construction is dysfunctional and is in desperate need of better control."

The funding will support platform expansion, regulatory engagement and deployment on live construction projects. Saible has initiated a public-sector pilot with the Environment Agency and contractor BAM Nuttall, expected to be a £1.5 million to £2 million (€1.74 million to €2.32 million) footbridge replacement project running for 12 to 16 months from summer 2026. The pilot originated from a Cabinet Office-sponsored review of construction payment problems and is designed to generate early evidence to inform wider public-sector payment reform.

Phil Brown, founder and executive chair of Causeway Technologies and a confirmed Saible investor, said project bank accounts recognised the right problem but were never built to protect payment all the way down the supply chain, adding that Saible gave clients and contractors a practical way to ensure money reached the firms doing the work, not just those at the top of the chain.

The scale of the problem Saible is targeting is significant. Research from accountancy firm Menzies shows 93 per cent of construction businesses experience late payment, with invoices typically 53 days overdue. Construction has topped UK insolvency figures for four consecutive years, with 4,450 firm failures recorded in 2025, up 9 per cent on the prior year, and a further 1,180 failures in Q1 2026 alone.