Riverchain has closed a US$5 million Series A led by Betatron Venture Group

Riverchain International Limited, a Hong Kong-based fintech pioneering working capital solutions for the construction industry, has raised $5 million in its Series A round led by Betatron Venture Group. The funding will support the company’s expansion across Hong Kong and Southeast Asia and continued investment in origination and distribution technology capabilities to address chronic liquidity gaps faced by construction subcontractors.

Since January 2024, Riverchain has deployed over $100 million in capital, supporting 115 public and private projects in Hong Kong—from large-scale infrastructure initiatives including the Northern Metropolis to landmark developments such as the Kai Tak Sports Park. In Hong Kong alone, an estimated $7 billion is tied up annually in payments with long or variable tenors, making it challenging for small and medium-sized enterprises to manage cash flows effectively and pursue growth opportunities.

The Series A round follows a $1.2 million seed investment that included participation from the Republic Asia Ecosystem Fund earlier this year. The new capital will accelerate investment in the company’s data-rich operating system, proprietary credit underwriting model, and embedded financing solutions, enabling faster, more scalable access to working capital for clients while supporting development of technology offering transparent, institutional-grade access to alternative credit assets.

“The closing of our Series A validates our mission to empower subcontractors and provides the capital needed to scale our technology and expand our reach,” said Ben Wong, Founder & CEO of Riverchain. “By combining our specialised financial products with our data-driven platform, we are actively modernising the construction industry and helping a new generation of builders grow their businesses with confidence and transparency.”

Riverchain enables contractors to access funds quickly and flexibly through agile working capital solutions, empowering businesses to flourish while building Asia’s future. The company will continue working closely with credit facility and distribution partners including Chong Hing Bank, ARTA TechFin, Abound Capital, and Olea to expand financing solutions for main contractors, subcontractors, and related SMEs in the construction sector.

Matthias Knobloch, Managing Partner & CEO at Betatron Venture Group, commented: “Despite its large size, the construction industry is only at the early stages of a significant digital transformation. Riverchain’s deeply integrated approach and leading position in the market allows it to play a meaningful role in the future growth of the industry.” Adrian Cheng, Venture Builder, added: “We’re at a pivotal moment where technology, finance and infrastructure are converging to drive the next wave of economic growth. Riverchain is harnessing innovation to transform construction opportunities into pathways for long-term progress across regions.”

Source