Friday, June 21, 2024
HomeFunding Philippines-Based Hubware Corporation Raises, Undisclosed Amount Funding

[Funding Alert] Philippines-Based Hubware Corporation Raises, Undisclosed Amount Funding

Hubware Corporation is an online marketplace for builders, hardware stores, and construction suppliers.

Hubware Corporation is an online marketplace for builders, hardware stores, and construction suppliers. BuildMart PH Technologies, Inc., a business-to-business (B2B) e-commerce platform based in the Philippines that links manufacturers with hardware stores, has invested an unknown sum in Hubware Corporation.

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In a statement released on Friday, the two stated that Hubware would be able to start the process of creating a comprehensive digital construction ecosystem in the Philippines, led by its main platform, BuildHub.ph, thanks to this strategic investment.

As per the statement, the objective of this virtual marketplace is to optimize and augment the prominence of construction vendors, particularly hardware stores and brands, thus strengthening their digital footprint and expanding their clientele.

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The announcement claims that the introduction of BuildHub.ph represents a significant step forward in resolving issues facing the construction sector, including lengthy delivery periods, manual transactions, and restricted payment choices.

Chief Executive Officer of BuildHub.ph, Andre Bernardo, stressed the value of strategic alliances and industry experience in advancing innovation in the building sector.

“With a combined 67 years in construction, our team adeptly identifies industry pain points, devises effective solutions, and fosters sustainable partnerships with hardware sellers, construction brands, and contractors across the Philippines.

“Together, we strive to shape the future of inclusive business and community development,” he said.

“Our collective goal is to dominate the sector by adopting Jack Ma’s Alibaba Iron Triangle model, which focuses on three core elements: platform, logistics, and financing,” he added.

The chief business officer of BuildHub.ph, Marika Laciste, stated that this strategic partnership is a huge step forward for the technology sector and that both Hubware Corporation and BuildMart PH Technologies Inc. would change the way the construction industry looks at technology.

About Hubware

Hubware uses a mobile application and website to make connections between builders, hardware, and suppliers quicker, safer, and easier. Thousands of users use our website and application each month, and we currently have over 50 hardware and supplier partners.

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