Riverchain International Limited, a Hong Kong-based fintech that provides working capital solutions for the construction industry, has raised $5 million in its Series A funding round. The round was led by Betatron Venture Group.
The new funding will help Riverchain expand its services across Hong Kong and Southeast Asia. It will also allow the company to invest further in its technology for sourcing and distributing financial solutions.
Riverchain was started to solve a major problem in the construction industry: subcontractors often struggle with cash flow because payments take a long time to arrive.
In Hong Kong, about US$7 billion is stuck in payments each year with long or unpredictable timelines. This makes it hard for small and medium-sized businesses to manage money and grow.
Since January 2024, Riverchain has provided over US$100 million in funding, supporting 115 public and private construction projects in Hong Kong. These include large infrastructure projects like the Northern Metropolis and landmark developments such as the Kai Tak Sports Park.
By offering fast and flexible working capital solutions, Riverchain allows contractors to access funds quickly. This helps them manage their projects efficiently and grow their businesses while contributing to Asia’s future development.
“The closing of our Series A validates our mission to empower subcontractors and provides the capital needed to scale our technology and expand our reach,” said Ben Wong, Founder & CEO of Riverchain. “By combining our specialised financial products with our data-driven platform, we are actively modernising the construction industry and helping a new generation of builders grow their businesses with confidence and transparency.”
Matthias Knobloch, Managing Partner & CEO at Betatron Venture Group, commented: “Despite its large size, the construction industry is only at the early stages of a significant digital transformation. Riverchain’s deeply integrated approach and leading position in the market allows it to play a meaningful role in the future growth of the industry.”
Adrian Cheng, Venture Builder, added: “We’re at a pivotal moment where technology, finance and infrastructure are converging to drive the next wave of economic growth. Riverchain is harnessing innovation to transform construction opportunities into pathways for long-term progress across regions.”
With the new Series A funding, Riverchain will speed up its goal of helping subcontractors in Hong Kong and Southeast Asia access the money they need.
By combining funding, technology, and strategic partnerships, Riverchain can provide capital faster and more efficiently. As it grows and enters new markets, the company aims to lead in offering clear, data-driven, and customized financing solutions for the construction industry.
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