Rent now pay laterRize has raised USD 2.9 mn in a seed funding round with participation from our friends at Seedra Ventures as well as Hala Ventures, JOA Capital, RZM Investments, Bunat Ventures, and Nama Ventures, along with a group of unnamed angel investors, it said in press release. The company has also secured an undisclosed amount of debt financing from unnamed lenders.

Meet Rize: The proptech company was founded in 2021 by Ibrahim Balilah and Mohammed AlFraihi to streamline property interactions, claiming to make rental processes efficient and more tenant-friendly.

What they said: “We aspire to make monthly payments the standard in residential and commercial leases, and with this investment and the remarkable growth of the Ejar platform, we will be able to expand further across the Kingdom,” said Balilah and Alfraihi.

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