Rize
ActiveA rent-now-pay-later platform that lets tenants in Saudi Arabia split their annual rent into flexible monthly installments while landlords are paid the full amount upfront.
Rize is a Saudi proptech and fintech company, operating under the CR entity Al-Alou Financial Company as a REGA-licensed real estate broker/property manager integrated with the Ejar platform, that pioneered the Rent Now, Pay Later model in the Kingdom. Founded in 2021 by Ibrahim Balilah and Mohamed Al-Frahi, it has processed over SAR 500 million in rental transactions and serves 200,000+ tenants, 1,200+ brokers, and 3,000+ landlords. It closed a $35 million Series A led by Raed Ventures in January 2025, following a $2.9 million seed in February 2024, with no sovereign or conglomerate ownership found.
Founders
Funding Rounds
Lead: Jadwa Investment
Investors: Jadwa Investment
SAR 187.5M asset-backed Murabaha facility (= $50M as printed) to finance the rental-contract portfolio; CEO quoted. Not yet in DB. Also: https://www.zawya.com/en/business/saudi-proptech-rize-secures-50mln-debt-financing-from-jadwa-investment-862147 https://entarabi.com/en/2026/09/rize-secures-sar-187-5-million-murabaha-facility-from-jadwa-investment/ https://waya.media/rize-secures-usd-50m-to-scale-flexible-rent-solutions/ Confidence: confirmed (round 13, Wamda).
Lead: Raed Ventures
Investors: Raed Ventures, SEEDRA Ventures, Aqar Platform, JOA Capital, NAMA Ventures, HALA Ventures, Partners For Growth
Investors: Raed Ventures, SEEDRA Ventures, Aqar Platform, JOA Capital, NAMA Ventures, HALA Ventures, Partners For Growth.
Investors: SEEDRA Ventures, HALA Ventures, Joa Capital, RZM Investments, Bonat Investments, Nama Ventures, angel investors
Rent-now-pay-later proptech founded 2021 by Ibrahim Balilah and Mohammed Al-Fraihi. Company also said it secured additional undisclosed debt financing alongside the equity seed. Not to be confused with e-gaming startup Rize.gg. | No lead named; Seedra listed first (its third investment in Rize).... Date is the article date. Also: https://www.arabnews.com/business/mena-startups-close-january-with-865-million-in-funding-2457291 https://www.wamda.com/2024/02/saudi-proptech-rize-raises-2-9-million-seed-round https://startupbahrain.com/blog/saudis-proptech-rize-secures-2-9m-in-seed-funding Confidence: confirmed (round 13, Arab News).
Undisclosed debt raised 'to bolster its investments in the real estate sector', announced with the seed; provider and amount never stated. Also: https://rize.sa/en/rize-seed-investment-2-9-million-raised-for-innovation/ https://www.namaventures.com/rize-closes-a-seed-investment-round-worth-2-9-million-dollars/ Confidence: confirmed (round 13, Wamda).
Lead: Watheeq Proptech Ventures
Investors: Watheeq Proptech Ventures, SEEDRA Ventures
Announced at LEAP 2023; the round had closed 'several months' earlier (late 2022), amount undisclosed. Co-led by Watheeq Proptech Ventures and SEEDRA Ventures. Consistent with Nama Ventures' 2024 note that the seed was SEEDRA's 'third investment' in Rize and SEEDRA's 'repeated investments' quote. Confidence: confirmed (round 13, Wamda (Arabic)).
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