Saudi Arabia’s construction sector is in overdrive, fueled by ambitious giga-projects like Qiddiya, Diriyah Gate, and the looming deadlines for Expo 2030 and the FIFA World Cup 2034. But even with a boom, the sheer scale demands more than just blueprints; it requires efficient supply chains and, crucially, flexible financing. Enter BRKZ, a Riyadh-based B2B marketplace, which just secured up to $30 million in growth debt from Stride Ventures, specifically to power its new BRKZ finance facility.
BRKZ, which already boasts a tech-enabled platform connecting over 850 contractors with 1,300 suppliers for 7,500+ SKUs, is tackling a persistent problem: cash flow gaps. Traditional construction procurement is often bogged down by manual processes and rigid payment terms, slowing down projects and inflating costs. The new BRKZ finance facility aims to directly address this, offering tailored embedded financing solutions that align with the often-unpredictable cash flow cycles of construction projects.
The company has already shown significant traction, processing SAR 3.14 billion (approximately $837 million) in RFQs since its 2022 launch and quadrupling revenues in 2024. Its inclusion in the Saudi Unicorns Program further underscores its alignment with national economic priorities. This latest debt facility follows $22.5 million in earlier equity rounds, signaling strong investor confidence.
Unlocking Project Flow
For contractors and factories, the implications are substantial. Ibrahim Manna, Founder & CEO of BRKZ, emphasized that the growth debt "strengthens our ability to support contractors and factories with more flexible payment and financing enablement options." This means less time chasing payments or waiting for funds, and more time building. Khaled Hamada, General Manager of AlFanar Contracting, echoed this sentiment, calling BRKZ’s solutions a "game-changer" for executing projects efficiently and meeting tight deadlines.
Stride Ventures, known for backing similar models in other markets, sees BRKZ as a critical piece of Saudi Arabia's Vision 2030 transformation. Ishpreet Singh Gandhi, Founder & Managing Partner, noted their commitment to the region, with plans to deploy half a billion dollars across the GCC by 2026.
The company plans to invest further in AI-driven procurement tools, expand its supplier network internationally, and explore cloud manufacturing models. The goal is clear: to become the indispensable procurement and financial enablement partner for the Kingdom’s construction ambitions, ensuring that the pace of development isn't hampered by outdated financial hurdles.
