Ejari, a KSA-based proptech and fintech platform, has closed a $14.65 million Seed round mix of debt and equity; with the debt led by Partners for Growth and BECO Capital led the equity investments.

The round saw participation from anb seed, Rua Ventures, Alinma Bank (Alinma Pay), Vision Ventures, Aqar platform, and Oryx Fund.

Why it Matters? BNPL solutions are expanding rapidly in Saudi Arabia and attracting investors.

More to Know:

• Ejari was founded in 2022 by Yazeed Al-Shamsi, Fahad Albedah, Mohammed Alkhelewy, and Khalid Almunif.
• It provides a Rent Now, Pay Later solution in KSA.
• The funds will be used for platform development.
• Aqar, one of the investors in the round, provides a similar solution.