BuildHub PH, an online marketplace serving as a centralized system for the construction industry, showcased its newly enhanced platform, ‘BuildHub.ph,’ and introduced its financing service, ‘BuildCredit,’ at the 2024 Philippine Construction (PhilCon) Visayas Expo in Cebu City.
The PhilCon Visayas Expo, held from June 20-22, 2024 and organized by the Philippine Constructors Association, Inc., featured over 200 exhibitors who showcased their latest technologies and products. BuildHub.ph was highlighted for its role in optimizing the construction industry’s value chain by connecting manufacturers, hardware stores, and construction suppliers. The platform streamlines transactions, enhances online visibility, and ensures timely delivery of a wide range of construction materials and supplies from reputable brands.
BuildCredit offers financial support to pre-approved builders and hardware stores with competitive interest rates of 1% to 3% for 30-60 day terms, providing financial stability and growth opportunities for small and medium entrepreneurs in the construction sector.
BuildMart PH Technologies, Inc., the parent company of BuildHub, leverages its experience to introduce state-of-the-art materials and sustainable business practices at PhilCon Visayas.
Marika Laciste, Chief Business Officer of BuildHub PH, addressed market challenges in the area. “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 promise of their expansion. “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.”
As discussions with key Visayan stakeholders continue, BuildHub aims to expand its reach and further serve local communities. With BuildCredit and BuildShipping, a proprietary logistics and warehousing network ensuring the timely delivery of over 400 shipments monthly, BuildHub aims to drive growth by offering essential financial and logistical solutions in the Visayas and soon in the Mindanao region.
“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.