6 months ago

Rize Secures $35M Series A to Disrupt Saudi Real Estate

  • Saudi Arabian real estate tech startup Rize secured a $35 million Series A investment led by Raed Ventures, with participation from several other firms

  • Rize's 'Rent Now, Pay Later' service allows flexible monthly rental payments

  • The funding will support expansion and technological advancements within the Saudi real estate market

  • The article also mentions several other funding rounds for startups across various sectors and regions.

      • ProblemReal Estate

      "Finding and securing a rental property in Saudi Arabia is difficult and often involves large upfront payments, creating a barrier for many renters."

      Solution

      "Rize offers a 'Rent Now, Pay Later' (RNPL) service that allows tenants to pay annual rents in flexible monthly installments, making renting more accessible and affordable."

      Covered on