Ejari
Ejari is a Riyadh-based Sharia-compliant proptech founded in 2022 that offers a Rent Now, Pay Later platform for Saudi residential tenants, converting annual rent into monthly installments while paying landlords upfront under REGA licensing and Shariyah Review Bureau certification.
- Company typePrivate
- Founded2022
- HeadquartersRiyadh, Saudi Arabia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Ejari does
Ejari Financial Company is a Saudi proptech company founded in 2022 and headquartered in Riyadh that operates a Sharia-compliant Rent Now, Pay Later (RNPL) platform for residential rentals. The company enables tenants to convert annual rent obligations into 6–12 monthly installments while paying landlords the full annual rent upfront; landlords receive guaranteed payment and tenants gain cash-flow flexibility. Ejari's product is certified as Sharia-compliant by the Shariyah Review Bureau using an Ijara-based structure with no interest charges, and the company is licensed by the Real Estate General Authority (REGA, License No. 2200001825) and integrated with the official Ejar registration system.
The platform is built on a mobile-first architecture with a 10-second instant-quote engine that auto-verifies tenant eligibility via integrated Saudi government systems (Ejar, MoI, GOSI, Elm, SIMAH) without requiring document uploads. Ejari distributes through its iOS and Android apps, the ejari.sa website, a dedicated broker portal (broker.ejari.sa) where licensed agents refer tenants for a 1% commission, and embedded partnerships including ZenHR (HR platform) and CompoundIn (residential compound listings). Revenue is generated primarily through a service fee / profit rate of typically up to 15% of yearly rent, personalized between 5% and 17% based on credit profile, rent size, payment frequency, and contract duration, with ancillary fees for unit search (SAR 150) and contract transfers/early termination.
As of early 2026, the platform had processed over $250M in cumulative rental payments, served 70,000+ users across 32 Saudi cities, and built a network of 1,000+ partnerships including 11 named residential compound operators. The company has raised a total of approximately $15.65M across a $1M October 2023 pre-seed led by Sanabil 500 MENA and Hambro Perks' Oryx Fund, and a $14.65M October 2024 seed led by Partners for Growth and BECO Capital with participation from anb seed.
Ejari firmographics
Firmographics- Name
- Ejari
- Legal name
- Ejari Financial Company
- Website
- https://ejari.sa
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ejari is a Riyadh-based Sharia-compliant proptech founded in 2022 that offers a Rent Now, Pay Later platform for Saudi residential tenants, converting annual rent into monthly installments while paying landlords upfront under REGA licensing and Shariyah Review Bureau certification.
- Ownership category
- akta.pro rank
Ejari industry classification
Industry- Product category
- Rental Financing Platform
- NAICS
- Lessors of Real Estate (5311), Rental and Leasing Services (532), Consumer Goods Rental (5322)
- SIC
- Finance Services (6199), Services-Equipment Rental & Leasing, Nec (7359)
- akta.pro primary industry
- Rent-to-Own (RTO) & Lease-to-Own Consumer Financing (FSAKAOAC)
- akta.pro secondary industry
- Rent-to-Own / Lease-to-Own Short-Term Credit (FSAKAMAK)
Keywords
Where Ejari is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
Ejari business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Service Fees / Profit Rate: Ejari charges service fees as a percentage of annual rent (typically up to 15%). The profit rate ranges from 5% to 17% based on the tenant's credit profile, rental amount, number of landlord payments, and contract duration. This is the primary revenue stream.
- Broker Commissions: Real estate brokers earn 1% commission (including VAT) on the basic rent amount for contracts signed through their registered broker portal account. Commission disbursed within 45 days of end of month for completed transactions.
- Unit Search Service Fee: SAR 150 one-time fee for unit search service. Non-refundable but credited toward final contract amount if tenant signs with Ejari.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Service fee typically up to 15% of yearly rent |
| Transaction based/ take rate | Monthly | Profit rate between 5% and 17% |
| Unit Pricing | Pay-as-you-go | Unit search fee: SAR 150 |
| Transaction based/ take rate | Monthly | Broker commission: 1% including VAT |
| Unit Pricing | Pay-as-you-go | Contract fees: SAR 1,000 early termination, SAR 1,000 transfer (different landlord), SAR 500 tenant transfer |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
Ejari product offering
Product offeringCore offering
Ejari provides a Sharia-compliant Rent Now, Pay Later (RNPL) service for residential rentals in Saudi Arabia. Tenants apply digitally and receive instant eligibility quotes within 10 seconds; Ejari pays the landlord the full annual rent upfront on contract day, then collects 6–12 monthly installments from the tenant along with a transparent service fee (typically up to 15% of annual rent, profit rate 5%–17%). Contracts are digitally signed and REGA-registered within 24 hours.
Product overview
Ejari operates as a unified platform offering a single core product — Rent Now, Pay Later (RNPL) for residential rentals in Saudi Arabia — supplemented by a Broker Portal (web-based platform and mobile app for brokers), a dedicated mobile app for tenants, and a unit search add-on service. All offerings are Sharia-compliant, REGA-licensed, and integrated with Saudi government systems (Ejar, MoI, GOSI, Elm, SIMAH). The RNPL service serves as the centerpiece, with the broker dashboard enabling real estate agents and landlords to facilitate tenant referrals and earn commissions, while the mobile apps provide access for tenants and brokers respectively.
Differentiator
Problem solved
Functional benefit
Brands
- Rent Now, Pay Later (RNPL): Ejari's core product enabling tenants to pay rent in monthly installments instead of annual upfront payments.
Products and services
- Rent Now, Pay Later (RNPL) Sharia-compliant rental financing service that enables residential tenants to pay annual rent in 6–12 monthly installments. Ejari pays the landlord the full annual rent upfront on contract day, then collects monthly installments from the tenant plus a transparent service fee (typically up to 15% of annual rent, profit rate 5%–17% based on credit profile). Includes instant 10-second eligibility quotes, document-free auto-verification via Ejar, MoI, GOSI, Elm and SIMAH, digital contract signing, and REGA registration within 24 hours. For Saudi residential tenants.
- Broker Portal / Dashboard Dedicated digital portal for REGA-licensed real estate brokers and agents to refer tenants to Ejari's RNPL service, monitor application progress, track approvals in real time, and receive commission payouts. Brokers earn 1% commission (including VAT) on the basic rent amount for every signed contract, paid within 48 hours of signing (or 45 days end-of-month for completed transactions).
- Unit Search Service Add-on service where Ejari searches for residential rental units matching the tenant's criteria and preferences. A one-time non-refundable fee of SAR 150 applies, which is credited toward the final contract amount if the tenant subsequently signs with Ejari.
Quantifiable outcome
- Over $250 million in rental payments processed
- +5 more outcomes
Companies that use Ejari
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles4 records
Ejari technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability3 records
Feature4 records
Ejari partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- ZenHRcoreIntegration of Ejari's Rent Now Pay Later (RNPL) product into ZenHR's HR platform. Enables employees to access monthly rent payment options directly through their workplace HR app. Streamlines the rental process with instant approval and digital contract management.
- CompoundIncoreIntegration with Saudi Arabia's leading platform for residential compounds and gated communities. Tenants browsing CompoundIn.com can apply directly through Ejari's RNPL service to pay rent monthly. Embedded financing enabling discovery, financing, and move-in in one seamless flow.
- Shariyah Review BureaucoreSharia compliance certification body. Reviews and certifies Ejari's rental model as Sharia-compliant. Provides ongoing Sharia governance oversight including product review, audit, and reporting. Licensed by Central Bank of Bahrain with 37+ scholars covering 4 schools of jurisprudence.
- J One, California Compound, Arizona, Azure, Solana Living, Riyadh Compound, Andorra Village, Array Suites / The Residence, Vives Compound, Arabian Homes, FlowminorResidential compound partners that facilitate tenant access to Ejari's RNPL service. These are compounds and residential communities where Ejari's service is available to tenants.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Ejari competitors and assessment
Company assessmentDirect peers
- Tamara: Saudi Arabia-headquartered BNPL fintech serving MENA consumers. While Tamara focuses on retail purchase installments rather than rent specifically, it represents the closest analog in Sharia-aware consumer credit and competes for the same Saudi millennial/expat demographic that Ejari targets.
- Tabby: Leading MENA BNPL provider with Saudi operations, offering installment plans across retail and services. Tabby's expansion into bill payments and services brings it adjacent to RNPL, and it competes for similar underbanked Saudi consumers seeking flexible payment options.
Emerging players
- Postpay: UAE-based BNPL fintech offering pay-in-installments across merchants. Postpay's focus on UAE makes it a regional analog rather than a direct competitor in Saudi Arabia, but its model of converting large upfront payments into installments parallels Ejari's approach.
- Cashee: UAE-based BNPL and consumer credit platform targeting younger consumers. Cashee overlaps with Ejari in addressing cash-flow-constrained MENA consumers, though operating in UAE rather than Saudi residential rent specifically.
- Spotii: MENA BNPL platform with presence in UAE and Saudi Arabia. Like Tabby and Tamara, Spotii focuses on retail installments rather than rent, but its Saudi operations and consumer base overlap with Ejari's target demographic.
- Huspy: UAE-headquartered proptech offering mortgage brokering and real estate services with Saudi expansion. Huspy operates in adjacent real estate financial services and represents a comparable tech-enabled player in the regional property finance ecosystem.
Broad incumbents
- Property Finder: Leading MENA real estate listing platform with strong Saudi presence. While not a financing provider, Property Finder sits upstream of Ejari's funnel (tenant property search) and represents a potential distribution partner or competitor if it expanded into rental financing.
- Bayut: Major MENA real estate classifieds platform owned by Emerging Markets Property Group. Bayut's Saudi user base overlaps with Ejari's target tenants, and like Property Finder it could either partner or compete in rental financing adjacent services.
Regional players
- Aqar: Saudi Arabia's leading real estate listings app focused on residential property. Aqar competes with Ejar-integrated portals for tenant attention in Saudi Arabia and is a likely distribution partner for Ejari's RNPL service.
Others
- Lean Technologies: Saudi Arabia-based open banking and financial data infrastructure provider. Lean is not a direct competitor but provides enabling infrastructure that Ejari could leverage or that competing fintechs could use to enter RNPL more rapidly.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Ejari social profiles
Digital presenceEjari compliance and trust
Trust signalCompliance2 records
Ejari financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ejari leadership team
Management profileNumber of profiles
Profiles4 records
Ejari funding detail
Funding detailFunding overview
Funding rounds3 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ejari M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ejari
What does Ejari do?
Ejari provides a Sharia-compliant Rent Now, Pay Later (RNPL) service for residential rentals in Saudi Arabia. Tenants apply digitally and receive instant eligibility quotes within 10 seconds; Ejari pays the landlord the full annual rent upfront on contract day, then collects 6–12 monthly installments from the tenant along with a transparent service fee (typically up to 15% of annual rent, profit rate 5%–17%). Contracts are digitally signed and REGA-registered within 24 hours.
Is Ejari a public or private company?
Ejari is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ejari founded?
Ejari was founded in 2022. It employs 11 to 50 people.
Where is Ejari based?
Ejari is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Ejari make money?
Three revenue lines are on record. Service Fees / Profit Rate is the primary driver. The others are broker Commissions and unit Search Service Fee.
Who are Ejari's main competitors?
Direct peers on record are Tamara and Tabby. Emerging players are Postpay, Cashee, Spotii and Huspy. Broad incumbents are Property Finder and Bayut. Aqar is listed as a regional player. Lean Technologies is listed as an others.
Does Ejari have an API?
No public API is recorded for Ejari.
What industry is Ejari in?
Ejari's product category is Rental Financing Platform. Its primary akta.pro industry code is FSAKAOAC, Rent-to-Own (RTO) & Lease-to-Own Consumer Financing, with a secondary code of FSAKAMAK, Rent-to-Own / Lease-to-Own Short-Term Credit. Its NAICS code is 5311 and its SIC code is 6199.