Ejari allows tenants to split their annual rent into monthly payments through a “Rent Now, Pay Later” (RNPL) model, tackling Saudi Arabia’s $35 billion residential leasing sector. The company addresses a fundamental pain point in the Saudi rental market, where tenants traditionally face the burden of paying rent in one or two large upfront checks. Using an on-demand subleasing structure, Ejari becomes the tenant on record and subleases to customers at a premium, while landlords receive their full payment upfront.

When we met the team, we had already built conviction in the RNPL opportunity through our PropTech investment thesis. After several in-depth conversations with the Ejari team, we were compelled by their combined expertise in real estate, banking, and technology – all core skillsets required for such a business – and ended up leading their seed round. 

Visit Ejari’s Website