• BRKZ secures up to USD 30M in growth debt to expand embedded financing across Saudi Arabia’s construction sector.
• The company’s tech-enabled platform helps contractors and factories access competitive quotes and flexible financing within minutes.
• It plans to invest in AI procurement tools, expand payment solutions, and strengthen supplier networks across Saudi Arabia and Asia.

BRKZ

Saudi’s BRKZ secured up to USD 30 million in growth debt from Stride Ventures. The funding aims to reinforce BRKZ’s position as a prominent player in embedded financing across the Kingdom’s construction sector.

This follows its previous USD 22.5 million in equity rounds, aiming to continue addressing procurement inefficiencies in the construction industry. It was also recently picked for the Saudi Unicorns Program, reinforcing its position as a promising growth company.

Construction  

Founded in 2022 by Ibrahim Manna, BRKZ is a B2B managed marketplace for construction procurement. Through its tech-enabled platform, contractors and factories can secure competitive quotes within minutes and access tailored financing aligned with project cash flow cycles.

It aims to tackle inefficiencies in construction procurement such as fragmented supply chains, manual processes, and cash flow gaps. These inefficiencies often slow down project execution and increase costs.

“This growth debt facility from Stride Ventures strengthens our ability to support contractors and factories with more flexible payment and financing enablement options across the Saudi building materials market. It allows us to further expand our tailored embedded financing ecosystem, helping customers manage project cash flows more efficiently,” said Ibrahim Manna, Founder & CEO of BRKZ.

Looking ahead, it plans to invest in AI-driven procurement tools, and expand its flexible payment suit. It also aims to grow its supplier network across the Far East and India. Additionally, it aims to strengthen cloud manufacturing models and off-take arrangements. This aims to enhance factory resilience and materials sourcing across the Kingdom.