Saudi proptech Rize secures $50M facility from Jadwa Investment
Saudi proptech Rize has secured a SAR187.5 million ($50 million) asset-backed Murabaha facility from Jadwa Investment.
The facility is structured specifically to finance Rize's portfolio of residential rental contracts — not the company's corporate operations — separating the capital required to fund its rental book from the equity used to scale the business.
What Rize does
Founded in 2021 by Ibrahim Balilah and Mohammed Alfraihi, Rize operates a Rent Now, Pay Later model in Saudi Arabia. Eligible tenants convert their annual rent into 12 monthly payments, while landlords receive the full rent upfront in one or two payments through the country's Ejar platform.
Rize pays the landlord under a master lease contract, then subleases to the tenant — a structure the company states does not constitute cash financing to the tenant. The platform is licensed by Saudi Arabia's Real Estate General Authority (REGA) and counts more than 200,000 tenants, 3,000 landlords, and 1,200 verified brokers in its network.
Newsletter
The corridor, every morning.
Funding rounds and cross-border capital moves, one email, five minutes.
Why it matters
Saudi Arabia's residential rental market is estimated at roughly SAR150 billion annually. Rize's model addresses a structural cashflow mismatch in that market — annual upfront rent remains the norm — by inserting a balance-sheet layer that absorbs the timing gap.
This facility separates that balance-sheet burden from Rize's equity, allowing shareholder capital to fund product, talent, and expansion rather than sitting inside rental contracts. The structure provides a model for fintech-adjacent proptech platforms looking to scale their lending books without continuous equity dilution.
The company closed a $35 million Series A in January 2025, backed by investors including SEEDRA Ventures, Raed Ventures, HALA Ventures, JOA Capital, and NAMA Ventures. The Jadwa facility adds a non-dilutive financing layer on top of that equity stack.
"What makes it particularly significant is that it directly finances our rental portfolio, allowing the capital invested by our shareholders to remain focused on product development, talent, and expansion," said Ibrahim Balilah, co-founder and CEO of Rize.
More in Funding
