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Saudi Arabia · Proptech · Fintech
A Saudi rent-now-pay-later service that pays landlords annual rent upfront and lets eligible tenants repay it in monthly installments through Ejar-verified rental contracts.
Rize lets eligible tenants spread an annual residential rent into monthly installments while the landlord receives the full amount upfront. The contracts are documented through Saudi Arabia's Ejar system, with eligibility and the home search managed through Rize's digital service.
Rize combines the tenant payment schedule with funding for the rental contracts themselves. A dedicated asset-backed facility supports that portfolio, allowing the company to offer monthly payments without presenting the product as a cash loan to tenants.
| Announced | Round | Amount | Investors |
|---|---|---|---|
| Asset-backed Murabaha facility | SAR 187.5M | Jadwa Investment — Participant |