BuildHub expands in Visayas, launches BuildCredit

BuildHub PH, an online marketplace dedicated to the construction industry, showcased its enhanced platform ‘BuildHub.ph’ and introduced its new financing service ‘BuildCredit’ at the 2024 Philippine Construction (PhilCon) Visayas Expo in Cebu City.

The PhilCon Visayas Expo, held from June 20-22, 2024, was organized by the Philippine Constructors Association, Inc. and featured over 200 exhibitors.

BuildHub.ph was highlighted for optimizing the construction industry’s value chain by connecting manufacturers, hardware stores, and suppliers, streamlining transactions, enhancing online visibility, and ensuring timely delivery of construction materials from reputable brands.

BuildCredit provides financial support to pre-approved builders and hardware stores with competitive interest rates of 1% to 3% for 30-60 day terms. This service aims to provide financial stability and growth opportunities for small and medium entrepreneurs in the construction sector.

Marika Laciste, Chief Business Officer of BuildHub PH, addressed market challenges in the Visayas region.

“The Visayas region, with its established supplier loyalties, has traditionally proven difficult for market penetration and sales growth. This is why we have introduced BuildHub.ph and BuildCredit to revolutionize the construction industry. These services boost operational efficiency and promote sustainable development to hardware stores and suppliers in key Visayan cities.”

Andre Bernardo, Co-CEO of BuildHub PH, emphasized the company’s growth strategy.

“We are confident in replicating our success in other regions, including Mindanao. Over 70% of BuildHub’s projected business growth is anticipated to come from Visayas.”

BuildHub aims to expand its reach by continuing discussions with key stakeholders in the Visayas and introducing BuildShipping, a proprietary logistics and warehousing network ensuring the timely delivery of over 400 shipments monthly.

The initiative is expected to drive growth by offering essential financial and logistical solutions in both the Visayas and Mindanao regions.

“Our goal is to provide innovative solutions that enhance operational efficiency and promote sustainable development. The positive response at PhilCon Visayas reaffirms our commitment to the construction sector in this region,” Bernardo added.

BuildHub PH’s expansion into the Visayan and Mindanao regions is projected to double its user base, aligning with the company’s growth strategy to achieve EBITDA profitability by 2025.