Financial technology company Rize from Saudi Arabia secures $35 million in funds through a mix of debt and equity investments, earmarked for its 'Pay Later for Rent' platform.
In a bid to revolutionize the rental market in Saudi Arabia, Saudi proptech startup Rize is expanding its innovative "Rent Now, Pay Later" (RNPL) service across the kingdom. This service allows tenants to pay their rent in flexible monthly installments, rather than the traditional large upfront sums, which are often paid annually or semi-annually.
Rize's growth strategy is backed by strong investment, government support, and a commitment to digitize and modernize rental payments in both residential and commercial real estate markets.
Capitalizing on recent investments, Rize closed a $2.9 million investment round in July 2025, reflecting strong investor confidence in its vision to improve the rental solutions industry in Saudi Arabia. The startup also raised $35 million in a Series A funding round to accelerate the expansion of its RNPL offering.
The company leverages the robust digital infrastructure underpinning the Saudi rental market, particularly the government-supported Ejar platform, which facilitates digital transformation in real estate leasing. This platform provides an ideal environment for innovation and scaling services.
Initially focusing on residential rentals to ease tenant cash flow challenges, Rize aims to normalize monthly rental payments across both residential and commercial real estate sectors. The startup seeks to reshape the rental payment culture in Saudi Arabia, where upfront lump-sum payments are standard, by promoting affordable, manageable monthly payments that improve tenant budgeting and cash flow management.
Rize plans to extend its reach across the Kingdom, with a focus on expanding operations to the Eastern and Western regions of Saudi Arabia, beyond its current base in the Riyadh region.
The investment round was led by Raed Ventures and included participation from SEEDRA Ventures, Aqar Platform, JOA Capital, NAMA Ventures, and HALA Ventures. Rize, founded in 2021 by Ibrahim Balilah and Mohamed Al-Frahi, has already processed rental transactions worth over SAR 500 million since its inception.
In a statement, Ibrahim Balilah, Co-Founder and CEO of Rize, said that the investment reflects the investors' confidence in the company's vision to develop the leasing sector. Rize has also partnered with Aqar Platform to integrate its RNPL solution into their platform.
As the first RNPL service provider, Rize is poised to transform the rental market in Saudi Arabia, making it more accessible and flexible for tenants while promoting digital transformation in the real estate sector.
- Rize, with its innovative "Rent Now, Pay Later" (RNPL) service, is utilizing technology to digitize and modernize rental payments in both residential and commercial real estate markets, backed by significant investments in finance.
- The startup's goal is to reshape the rental payment culture in Saudi Arabia, moving beyond the standard upfront lump-sum payments, by promoting affordable, manageable monthly payments, leveraging the Ejar platform's digital infrastructure for expansion and innovation.
