FAKTUS has raised €56 million in combined funding to develop a neobank tailored for small and medium-sized construction businesses across Europe.

Construction SMEs often struggle with delayed payments, waiting an average of 85 days to receive funds for completed projects. FAKTUS aims to address this challenge through its AI-driven financial platform that provides business accounts, invoice financing, and material advances. These tools help builders maintain cash flow and sustain project momentum.

The company’s AI technology analyzes contracts and invoices to process financing approvals within two hours — a task that typically takes several weeks. This efficiency helps contractors reduce downtime and manage operations more effectively.

So far, FAKTUS has financed over 470 worksites, supporting projects valued at more than €100 million. The latest funding round includes €9 million in equity from investors Lakestar and Foundamental, while a separate debt facility of up to €47 million has been secured from Insight Investment and Fost Capital.

With the new capital, FAKTUS plans to finance €500 million worth of construction projects over the next 18 months. The company will first strengthen its presence in France before expanding to additional European markets in 2026.

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