BILDCO Partners with Zelo to Accelerate Procurement Financing and Digital Transformation in the Construction Sector supported by ADIO | premargin
BILDCO Partners with Zelo to Accelerate Procurement Financing and Digital Transformation in the Construction Sector supported by ADIO
·ADX·General Disclosure | General Press Release·May 7, 2026·View on exchange
AI Summary
Announced a strategic partnership with Zelo and the Abu Dhabi Investment Office (ADIO) to provide supply chain financing and digital procurement solutions.
Zelo will extend a dedicated credit facility to BILDCO and its suppliers, providing immediate liquidity against approved invoices to address industry payment cycles of 90 to 150 days.
BILDCO will implement the "Zelo Procure" platform to digitize its end-to-end procurement-to-pay workflow, covering purchase orders, invoice matching, and automated settlement.