Ejari, a Saudi Arabia-based property technology company focused on transforming rental payments, has strengthened its position in the Kingdom’s rapidly evolving real estate sector with significant new funding and expanded service reach.

Founded in two thousand and twenty-two, the Riyadh-headquartered startup offers a rent-now, pay-later model that enables tenants to pay monthly instead of large upfront annual or semiannual rental sums, while landlords receive full rent immediately, facilitating greater flexibility and accessibility in the housing market.

The platform has generated strong demand across residential rentals and has expanded operations into multiple cities and regions throughout Saudi Arabia.

In October two thousand and twenty-four, Ejari closed a seed funding round totaling approximately fourteen million six hundred and fifty thousand dollars, led by global and regional investors including Partners for Growth, BECO Capital, anb seed, Rua Ventures, Alinma Pay and Vision Ventures, with participation from the Aqar property listing platform and existing backers.

The combined debt and equity investment is being deployed to enhance technological infrastructure, broaden product offerings and deepen market penetration in both urban and rural real estate segments.

With its model addressing a market where the vast majority of rent is still required upfront, Ejari’s growth reflects rising confidence in Saudi Arabia’s proptech innovation ecosystem and its alignment with the Kingdom’s economic diversification and quality-of-life objectives.

The company has signaled plans to expand services further, including integration of additional property-related solutions and gradual entry into commercial and industrial rental segments.