CutStruct Technology raises seed round

CutStruct Technology has raised USD 600,000 to build its flagship product LiveVend— a procurement platform where buyers (real estate developers, contractors) and vetted vendors meet. The platform also provides transportation, insurance and trade credit services offered by Sterling Banks’ BNPL product Specta for Business.

Investors in the construction procurement platform’s seed round are DFS Lab, Lofty Inc, Zedcrest Capital and angel investors, which include Kola Aina.

LiveVend was founded by John Oamen (CEO) Tayo Odunsi (CSO).