Aajil

Active

Formerly Buildnow

Aajil – Sharia-compliant B2B buy-now-pay-later for SMEs (buys materials and pays suppliers upfront; buyer repays over 2–12 months)

Riyadh, Saudi ArabiaFounded 2022

FintechPropTech

Seed

Website LinkedIn Crunchbase

Aajil started as Buildnow, a 'build now, pay later' platform that buys construction materials for SMEs and pays suppliers in cash upfront. It rebranded as Aajil and widened to traders and manufacturers in steel, pharmaceuticals, food imports and industrial supplies. It says it has moved more than 125,000 tonnes of materials for more than 800 SMEs.

Founders

Abdulla Sheikh

Co-Founder & CEO

Hisham Al Saleh

Co-Founder

Rahat Dewan

Co-Founder

Funding Rounds

UndisclosedFeb 2025

$9.7M

Lead: STV

Investors: STV, Arbah Capital

Investors: STV, Arbah Capital.

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