Ejari expands credit line to $50M as it eyes commercial leasing
What's the deal? Ejari, the Saudi rent-now-pay-later platform, has expanded its credit facility with Partners for Growth (PFG)Dealroom has a profile for this one. Try Dealroom → to $50 million. The Sharia-compliant Murabaha facility finances the rental transactions behind its service, in which Ejari pays landlords upfront and collects monthly payments from tenants.
Why now? The upsize builds on a financing relationship between the two firms established in 2024. It supports Ejari's growth across more than 40 Saudi cities as it prepares to extend its service from residential tenants to businesses renting commercial property.
What's the endgame? Founded in Riyadh in 2022, Ejari addresses the mismatch between monthly salaries and rent that landlords often collect annually. The facility covers the gap between paying landlords and collecting from tenants; equity funds the team, technology, and new services.
“This upsize builds on our relationship with PFG and supports our next phase of growth in residential rentals and entry into commercial leasing,” said Yazeed Al-Shamsi, co-founder and chief executive.
Ejari says it has received requests to facilitate more than $500 million in rent — a measure of applications, not rent financed or revenue. The company also expects to close a Series A soon, though it has not disclosed the amount or investors. Its equity backers include BECO Capital, Vision VenturesDealroom has a profile for this one. Try Dealroom →, anb seed, and Sanabil 500 MENA.
The signal: Dedicated debt is becoming a key way for these platforms to scale. In September, Saudi rival Rize secured an identically sized $50 million rental-financing facility from Jadwa Investment, a sign that specialised lenders are increasingly comfortable backing regional fintechs with real assets behind them.
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