Rize offers a Rent Now..Pay Later product intended to make flexible monthly installments the standard for residential and commercial leases. The company was founded in 2021 by Ibrahim Balilah (Co-Founder & CEO) and Mohammed AlFraihi (Co-Founder & CTO). It plans to expand across the Kingdom of Saudi Arabia and align with government initiatives and the Ejar platform to streamline and regulate the real estate market. To support its real estate investments the company closed a $2.9 million seed round and simultaneously raised additional debt. Investors in the round included a group of angel investors plus Seedra Ventures, Hala Ventures, JOA Capital, RZM Investments, Bonat Investments, and Nama Ventures. Management says the funding will support growth and further development of tenant-friendly, technology-driven rental solutions.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2024