Ejari, a Saudi-based property technology company, has raised a new round of funding to extend its “Rent Now, Pay Later” offering across the country. The round was led by global investment firm Partners for Growth.
Ejari’s core service allows tenants to pay their rent in monthly installments, easing the burden of large upfront rental payments typically required in Saudi Arabia. Through this model, Ejari pays landlords the full amount in advance and collects repayments from tenants over time.
This model, inspired by the Buy Now, Pay Later approach in consumer fintech, aims to introduce more flexibility into the real estate market.
Currently operating in Riyadh, Ejari plans to use the newly raised capital to expand into other cities across the Kingdom. The goal is to reach a wider base of tenants and landlords, particularly in underserved rental markets.
The investment by Partners for Growth marks a vote of confidence in Ejari’s business model. The funding arrives at a time when Saudi Arabia’s financial and real estate sectors are evolving rapidly, supported by regulatory reforms and increased activity from the Saudi Central Bank (SAMA).
Founded in 2022, Ejari is licensed by the General Real Estate Authority. Its services are designed to resolve a longstanding challenge in the housing market—upfront rental costs—while ensuring landlords receive timely payments.
The development reflects a broader trend of convergence between financial services and real estate technology in Saudi Arabia. As part of this shift, solutions like Ejari’s are gaining traction among both consumers and regulators aiming to align with the country’s Vision 2030 agenda.
In a related statement, Saud Al Sulaiman, CEO of Al Sulaiman Group, emphasized the need for accessible financial platforms that support individuals, entrepreneurs, and small businesses in the region.
Ejari intends to scale operations significantly over the coming year. The service aims to simplify the rental experience while contributing to wider national goals—particularly financial inclusion, improved housing access, and real estate innovation.
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By Proptechbuzz
By Ravi Kumar
