Ejari | ايجاري has successfully closed an oversubscribed $14.65 million (SAR 55 million) Seed round, marking a significant milestone in its mission to democratize access to the expansive rental market in Saudi Arabia. Currently, most rentals in Saudi Arabia are paid on an annual or bi-annual basis, creating financial challenges for many individuals.
Ejari’s "rent now, pay later" solution promotes financial inclusion and flexibility by allowing renters to pay their rent on a monthly basis, thereby lowering barriers to property access, especially for young professionals and expats.
We are pleased to be investing alongside Partners for Growth, BECO Capital, anb capital, Alinma Bank, Oryx Fund, Vision Ventures (VV), and AQAR عقار. Our investment in Ejari | ايجاري underscores our ongoing commitment to supporting transformative technologies in Saudi Arabia and the MENA region.
Congratulations to the Ejari | ايجاري team: Yazeed Al-Shamsi, Fahad Albedah, Mohammed AlKhelewy, and Khalid Almunif.
Read more about the investment in the press release: https://ejari.sa/seed