Ejari raised its Shariah-compliant Murabaha warehouse facility with Partners for Growth to US$50 million. The Saudi proptech and fintech company offers a Rent Now, Pay Later service for rental contracts. The financing supports residential rentals across more than 40 Saudi cities and planned entry into commercial leasing.
Facility details
The expanded facility builds on a lending relationship established in 2024. It provides dedicated financing for the rental transactions behind Ejari's Rent Now, Pay Later service. Landlords receive annual rent upfront while tenants repay monthly.
Ejari's market
Ejari was founded in 2022 and is headquartered in Riyadh. It is a REGA-licensed proptech and fintech platform. The company says it has received requests to facilitate more than US$500 million in rent.
What users get
Tenants can use Ejari to find a home and pay rent monthly through property platforms, residential compounds, and HR applications. The app also connects users to insurance, storage, moving, and lifestyle services. Partnerships with Aqar, Wasalt, CompoundIn, and ZenHR bring the service into existing channels.
Ejari expects to close its Series A soon. Equity investment will support technology, team, and services while the warehouse facility funds rental transactions. Its next phase focuses on residential growth and preparing its commercial offering.