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: 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.
Something here wrong?
Every figure on this page is meant to have a source behind it. If one doesn't match reality, tell us and we'll fix it.
Feedback about Rize