Saible has become the latest firm to join the Bridging & Development Lenders Association (BDLA) as an associate member.
The organisation is a secure payment system that protects funds across every stage of a project.
Saible said that its platform is able to reduce risks by protecting funds for a project and its supply chain and enables payments to be managed "more efficiently" and "delivers greater transparency" with a complete audit trail.
The BDLA currently has 43 associate members and 45 lender members, which combined loan books exceeding £9.1bn.
Chief executive officer at BDLA, Vic Jannels, said: "We’re excited to welcome Saible as the newest associate member of the BDLA. The growth of our membership reflects the ongoing strength and innovation within the bridging and development lending industry. Each new member enhances our collective influence and demonstrates their dedication to advancing the sector. Saible’s innovative approach aligns perfectly with our mission to promote excellence and collaboration among members, ultimately benefiting our industry and its customers."
CEO at Saible, Jarvey Moss, said: "Development finance is riskier than it should be. Saible’s Digital Parallel Payment accounts reduce risk for lenders, borrowers, and the supply chain. Our membership of the BDLA demonstrates our commitment to collaboration and promoting best practices in bridging and development lending."
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