Saible provides a secure, ring-fenced payment system that protects project funds and ensures timely payments throughout the construction supply chain. By synchronizing payments among all parties, Saible reduces the risk of insolvency and disputes, enhancing cash flow reliability and compliance with procurement regulations.
Funding
£2.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The construction industry suffers from frequent late payments, unreliable cash flow, and a high risk of insolvency throughout the supply chain. Traditional payment processes lack transparency, making it difficult to track funds and ensure compliance with procurement regulations. These inefficiencies lead to disputes, reduced margins, and increased financial instability for businesses involved in construction projects.
Solution
Saible offers a secure, ring-fenced payment platform designed to protect project funds and streamline payments across the construction supply chain. By synchronizing payments among all parties, Saible mitigates the risk of insolvency and disputes, fostering more reliable cash flow. The platform provides enhanced transparency, allowing authorized users to track payment information and ensure compliance with procurement guidelines. Saible's system promotes collaboration, reduces payment-related risks, and facilitates better governance through a complete audit trail of all transactions.
Target Audience
Saible primarily targets construction companies, contractors, subcontractors, and public sector entities involved in construction projects who seek to improve payment reliability, transparency, and compliance.
Features
- Secure, ring-fenced payment system that protects project funds from insolvency risks.
- Synchronized payments ensure all parties are paid simultaneously, minimizing disputes.
- Transparent payment tracking provides visibility to authorized users for better governance.
- Complete audit trail of payments simplifies compliance and reduces the risk of misappropriation.
- Facilitates compliance with the Procurement Act and Construction Playbook requirements for prompt payment.
- Supports enhanced building safety by ensuring secure cash flow throughout the supply chain.
- Enables reporting on payments to SMEs and contributions to the local economy.