Saudi Startup Builtop Raises $11M to Boost AI-driven Construction Procurement and Pay-later Finance for Vision 2030

Builtop Raises USD 11M to Scale Digital Construction Procurement in Saudi Arabia

Saudi startup Builtop has secured USD 11 million in a round led by TAM Capital to expand its digital procurement platform for construction and real estate. The company plans to grow across the Kingdom, enhance its embedded finance "pay-later" offering, and advance AI features to support large projects tied to Saudi Vision 2030.

What Builtop Does

Founded in 2024 by Ayman Aljohani, Builtop streamlines how contractors and suppliers source materials, manage orders, and handle payments. A core feature is trade credit ("pay-later") to ease cashflow pressure and keep procurement moving without waiting on progress payments.

The platform also focuses on AI-powered tools to help teams make faster purchasing decisions and keep site operations on schedule-especially on high-stakes infrastructure programs.

Why It Matters for Construction and Real Estate Teams

• Cashflow flexibility: Pay-later credit can reduce site downtime and bridge timing gaps between supplier invoices and owner drawdowns.
• Procurement speed: Centralized sourcing and approvals help teams place orders faster and avoid last-minute scrambles.
• Operational clarity: Smarter visibility across requests, orders, and deliveries cuts back-and-forth and improves accountability.
• Scale for mega-projects: AI features can support consistent purchasing at volume across multiple sites and packages.

Use of Funds

• Expand operations across Saudi Arabia and deepen supplier coverage.
• Enhance AI-powered capabilities that support material sourcing and decision-making.
• Strengthen embedded finance (pay-later) options for contractors and suppliers.
• Support delivery on large infrastructure and construction programs in support of Vision 2030 goals.

Leadership Perspective

"It enables us to expand our offerings, support Saudi Vision 2030 initiatives, and deliver smarter procurement solutions to the construction industry," said Ayman Aljohani, Founder & CEO of Builtop.

What to Watch

For project owners, developers, and contractors, keep an eye on Builtop's supplier network growth, average approval times for trade credit, and measurable reductions in procurement lead times. Adoption on complex, multi-package projects will be the real test of value, especially where schedule risk and cashflow timing are tight.

If your team is building AI capability for procurement and operations, you might find these resources useful: AI courses by job role.