Participated · Seed · Oct 2024

Ejari is a Riyadh-based proptech and fintech startup founded in 2022 that offers a Rent-Now-Pay-Later (RNPL) product enabling tenants to spread rent over 12 months. It targets Saudi Arabia’s market where over 70% of rentals require annual or semi‑annual payments, aiming to reduce the upfront burden on tenants. In under a year the company has generated more than $30 million in demand for its RNPL service and operates in 17 cities across eight regions. Ejari raised $14.65 million in a seed round composed of debt and equity to enhance its technology, expand product offerings, improve customer experience, and launch a mobile app. The team plans to expand into commercial properties and evolve into a “rental super app” supporting customers throughout the rental journey. Investors backing the company include Partners for Growth, BECO Capital, anb Capital, Alinma Bank’s Alinma Pay, Rua Ventures, Vision Ventures and Aqar, reflecting investor interest amid rising rental inflation and Saudi Vision 2030 tailwinds.