OCBC, Visa and Doxa roll out Singapore’s first “deep-tier” financing solution for construction suppliers

OCBC, Visa and fintech Doxa have deployed what they describe as Singapore’s first deep-tier financing solution aimed at improving cash flow for the construction sector. The initiative is designed to extend financing beyond immediately visible contractors and into deeper layers of the supply chain, where subcontractors and suppliers often face slower payment cycles.

The program is delivered through Doxa’s Connex platform, according to the announcement carried by Yahoo Finance. Visa’s role is tied to the broader payments and network ecosystem the companies say can help connect eligible businesses to financing that is more responsive to the timing of completed work and issued invoices.

Deep-tier financing generally targets payables that sit further down the chain, rather than only the largest primes that typically have the clearest visibility and strongest balance-sheet profiles. By focusing on subcontractors and suppliers “operating deeper” in construction, the companies said the solution is intended to improve working capital availability for firms that may struggle with cash gaps between labor and material costs and the receipt of customer payments.

For OCBC, the deployment indicates continued expansion of supply-chain and transaction-linked financing capabilities. For Visa, it represents another effort to support merchant and business payments flows with embedded financial services, though the announcement did not detail specific program mechanics beyond the use of the Connex platform and the goal of strengthening downstream working capital.

The companies did not provide further specificity in the reported update on how underwriting is performed, what invoice stages are eligible, or what credit terms subcontractors and suppliers may receive. They also did not disclose pricing, program size, expected adoption timelines, or the number of participating firms and project partners at launch.

In a sector where construction payment schedules can be stretched and project costs can be volatile, the ability to convert receivables into earlier cash can matter as much as interest rates. Deep-tier solutions are often framed as a way to reduce payment-cycle risk for smaller participants that may not have comparable access to traditional bank lines, especially when they are not the contracting party with the most direct customer exposure.

Still, the public details on this Singapore rollout remain limited. The reported post does not specify whether the financing is structured as invoice discounting, purchase-finance, or another receivables product, and it does not describe collateral requirements, default protections, or whether participation is limited to particular project types or credit profiles.

What to watch next is whether the companies provide follow-up disclosures on early performance, including utilization, default metrics (if shared), and how quickly subcontractors and suppliers are being onboarded through Connex. Additional clarity on eligibility rules and how payment and financing data are connected would also help determine how scalable the model is for other industries and geographies.