Latin America's Construction Tech Market Expands to Bridge Supply and Demand Gaps

Written by:

Rudi Davis

Date:

02 Oct 2025

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The construction technology landscape in Latin America is evolving beyond simple procurement tools toward comprehensive platforms that connect all aspects of the building supply chain, according to one industry leader.

“Our vision is to start, we’ve already built a bridge between supply and demand. Now what we’re going to do is build more and more lanes to those bridges in both directions so they can talk,” says Fernando Olloqui, CEO of construction technology platform Licify.

Beyond Basic Procurement

Olloqui’s company recently launched several new features that expand its original bidding platform into a more comprehensive solution. This includes a new billing tool similar to US-based Siteline, which helps suppliers manage their invoicing process and provides visibility into payment status.

“We help these providers and subcontractors get notice of when they’re supposed to invoice the builders or developers, but also how they’re required to complete that invoice,” Olloqui explains. “Once they submit the invoice through us, they have visibility, kind of like the Domino’s Pizza bar, but of invoices.”

Creating a Connected Ecosystem

The platform is increasingly serving as an enterprise solution for buyers while simultaneously becoming “sort of an ERP solution for the sellers,” according to Olloqui. This dual focus allows the system to bridge gaps between large developers’ existing systems and their supply chain partners.

“Imagine if their ERPs are connected to all of their supply chain by the same technology, and you’re able to integrate other solutions,” Olloqui says. “It’s not only about doing business together. We are expanding and making sure that everything that’s supposed to happen after, compliance, planning, so on and so forth, and before, which is contract closing, payments, financing, is all within one ecosystem.”

Financial Innovation

The company has also moved into construction finance, offering working capital solutions through its platform. “We give them the option to get a working capital whenever the invoice gets approved,” Olloqui notes. “For example, somebody sees Amarillo approved this invoice for $20,000 and I’m going to get paid at the end of July. We can give them the option to get paid tomorrow.”

Looking Ahead

Despite challenging economic conditions in some markets, Olloqui says the company continues to grow and is approaching Series A territory. “We’re financing the providers of the three largest construction companies in Colombia,” he notes. “We’re proving that we add a lot of value to our clients at a point where they really need us.”