£800k · Other round · Fintech · Birmingham, UK
Saible has raised a fresh £800k angel round to expand its construction-payments platform. The funding report separates the new £800k from £2.1m raised previously; the widely reported £2.9m figure is cumulative funding, not the size of this round.
Ring-fencing money before work begins
The Birmingham company is building software for approvals, verification and audit around a trust-based payment structure. Project money is held with regulated banking partner Griffin and released to approved companies across the supply chain at the same time, rather than passing sequentially from a client to a main contractor and then through layers of subcontractors.
That distinction targets a structural problem in construction. A supplier can complete work correctly yet wait because money is delayed or withheld further up the chain. By separating project funds from the balance sheets of intermediaries and tying release to verified approvals, Saible aims to give project owners clearer control while reducing payment risk for smaller firms.
Saible says the supply chain pays nothing for the service, while the project owner pays a fee equal to 0.25% of the payment value. That model aligns revenue with money processed, but it makes adoption dependent on clients and funders deciding that better control and auditability justify a new payment workflow.
Public-sector pilots are the proving ground
The company is working with the Environment Agency and BAM Nuttall on public-sector pilots. One planned project is a footbridge replacement expected to run for 12 to 16 months. Those deployments should provide evidence on payment visibility, supplier timing and how far protection reaches down a multi-tier supply chain.
The new capital will support platform expansion, regulatory work and more live projects. Regulation is not a side issue: a product that controls the release of ring-fenced funds must maintain clear boundaries between software, trust arrangements and the regulated banking functions performed by partners.
Alongside the angel round, Saible opened a limited £50k Crowdcube allocation. That separate allocation should not be added to the announced £800k unless and until it is completed. The immediate milestone is turning early pilots into a repeatable payment-control product that large construction clients can deploy across multiple projects.
