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Fkah

Contracting & construction

The progress claim is certified. The payment is two months away

Contracting pays first: labour, materials, plant. Then it waits for the claim to be certified, then it waits for the payment run. The gap between the two is the hardest thing in the sector.

Do you recognise this?

  • Labour is paid monthly and the claim is paid quarterly
  • Retentions sit for a year or more after handover
  • A new project needs site mobilisation and your capital is in one that has not paid yet
  • The materials supplier has stopped delivering until the last invoice clears
  • You pass on a good tender because its cash cycle is longer than your reach

Why this sector uses supply chain finance

  • Certification is the turning point

    A certified claim means the work was done and accepted. From that moment what remains is an administrative wait, nothing more.

  • A long but known payment cycle

    Cycle length is no surprise in this sector, and that is exactly what makes it financeable in an orderly way.

  • Concentrated in a few owners

    You usually have a small number of owners or main contractors, and assessing each of them is clearer than assessing a hundred small customers.

  • It adds no long-term debt

    The financing attaches to a specific claim and ends when that claim settles, so it does not hang on your balance sheet between projects.

The steps

Three steps, invoice to cash

  1. Submit the certified claim

    The claim and its cleared e-invoice, with evidence of certification from the project owner.

  2. See the cost before you confirm

    The advance, the fee and the tenor are all shown in full before you agree.

  3. Cash now, settlement on the payment run

    You receive it on your company's IBAN, and the financing settles from the owner's payment when it lands.

Founders want speed. Finance wants control

Fkah is being designed to give both, without one paying for the other.

For the founder

Bid the larger package, mobilise on time, and stop losing projects to a two-month difference.

  • Keep your crew between projects instead of standing it down
  • Buy materials at a better cash price

For finance

Financing attached to a named claim keeps each project's cost on that project.

  • Clean allocation of cost to cost centres
  • No blending of project financing with company-level obligations

The details

The details, without the gloss

How the cost is worked out

Priced per invoice, with no sign-up fee and no monthly fee, and nothing to pay unless you use it. Four things move the price: your customer's strength, the payment term, the invoice size, and your history with us. The full cost is shown before you confirm.

Read how supply chain finance is priced

What we are designing to fund

  • Progress claims certified by the project owner or main contractor
  • Cleared e-invoices against work completed and accepted
  • Live contracts with government entities or large corporates

Who this page is for

  • A contracting company with a Saudi CR and a valid classification where required
  • At least [TODO] months of continuous trading
  • Certified claims not already financed elsewhere

Waitlist

Register your interest now

Registering commits you to nothing and creates no financing relationship. We reply as soon as real onboarding opens.

This is an interest form. Starting an actual application means verifying your company and connecting your invoices, and we will walk you through that after we speak.

Ten digits. It helps us prepare Wathq verification later.

We send updates to this address.

05XXXXXXXX or +9665XXXXXXXX

A rough band is enough.

We use your details for that purpose only. We do not sell them or share them with advertisers. Stop the messages whenever you like: an unsubscribe link is in every message, or write to us. Withdrawing consent does not affect what came before it.

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Questions this sector asks

Do you fund retentions?
Retentions behave differently, because they fall due at the end of a defects period rather than on a near payment date. Our policy on them will be published at launch.
What invoices qualify?
ZATCA-cleared e-invoices against work completed and accepted, no older than [TODO] days.
Is this a loan?
No. You are assigning a receivable you are owed against a certified claim. No property charge, no equity.
All FAQs

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