We are happy to announce the closing of a $14.65mn (SAR 55 million) seed financing round led by PFG and BECO Capital with the participation of anb seed, Alinma Bank (Alinma Pay), Rua Ventures, Vision Ventures and Aqar platform, Saudi’s leading property listing platform along with the participation of existing investors Salica Oryx Fund. The round is a mix of debt and equity with the debt provided from California-based Partners for Growth. While the participation of our key investor Alinma Bank coming through the investment technology arm Alinma Pay.
With this new investment, we’re poised to enhance our technology, expand our product offerings, and deliver exceptional value to our clients. Our mission is to democratize access to the rental market and lower barriers for tenants, and this funding brings us closer to that goal. We are deeply grateful for the trust our investors have placed in us and are excited about the future.