Saudi Arabia–based BRKZ has secured up to $30 million in growth debt from Stride Ventures, giving the contech startup fresh firepower to expand its embedded financing and flexible payment solutions across the Kingdom’s construction market.
Founded in 2022 by Careem veteran Ibrahim Manna, BRKZ operates a B2B managed marketplace that connects contractors with thousands of suppliers and uses tailored financing to solve one of the sector’s biggest pain points: cash flow gaps.
The new facility follows its $17 million Series A extension in February and brings total capital raised to over $52 million.
“We’re doubling down on solving the financing pain points that slow projects down,” said Manna. “This partnership gives us the capital to expand our embedded financing ecosystem and help contractors and factories manage cash flows more efficiently as the Kingdom ramps up giga-project execution.”
BRKZ says it has processed SAR 3.14 billion (~$837M) in RFQs to date, grown its supplier base to 1,300, and onboarded more than 850 contractors and factories.
Backed by BECO, BNVT Capital, Better Tomorrow Ventures, and Aramco’s Wa’ed, the company was also selected for the Saudi Unicorns Programme earlier this year.
The financing marks Stride Ventures’ second MENA deal in as many months, following its $33 million debt facility for SME financing platform erad in September.
