Rise
Riyadh-based proptech that lets tenants pay annual rent in 12 monthly instalments while landlords receive the rent up front, with leases registered on Ejar. It announced a SAR 187.5 million Jadwa facility in September 2026.
Industry: Rent payment and real estate technology | Location: Riyadh, Saudi Arabia | Founded: 2021 | Total Funding: USD 37.9M across seed and Series A, plus a SAR 187.5M (about USD 50M) Murabaha facility
About Rise
Rise is a Riyadh-based proptech company that lets tenants split annual residential rent into 12 monthly payments while landlords still receive the full annual rent up front. The rental contracts are registered on Ejar. It was started in 2021 by Ibrahim Balilah, who is co-founder and chief executive, and Mohammed Alfraihi.
On 16 September 2026 Rise announced that Jadwa Investment had extended a SAR 187.5 million facility, about USD 50 million, structured as an asset-backed Murabaha against its portfolio of residential rental contracts. Balilah said the aim is to keep shareholder money focused on product, talent and expansion while the rent book funds itself. TechScoop describes the facility as a warehouse line rather than a priced equity round, and notes that Jadwa previously provided a similar SAR 187.5 million Murabaha for Lendo's SME book in 2025 through the Jadwa GCC Private Credit Fund, though the Rise line is backed by a different asset, residential rent rather than factory working capital.
The company had already combined equity and debt in earlier financing. It closed a seed round of around USD 2.9 million in 2024. In January 2025 it raised a Series A of USD 35 million in equity and debt. Investors named as being on the cap table include SEEDRA Ventures, Raed Ventures, HALA Ventures, JOA Capital, Aqar Platform, Bunat Ventures, NAMA Ventures, Watheeq Financial and Razam Investment. The article does not say which of them led.
Rise reports that more than 200,000 tenants have used the product, with a network of more than 3,000 landlords and 1,200 verified brokers. TechScoop points out that these are the company's own figures and were not audited in the facility announcement.
The publication places the deal in a regional context: Gulf leases often demand a lump sum that a monthly salary cannot absorb, and Ejar gives the financing a national rail. It also notes the Shariah structuring that matters to the financier. The caveats it raises are specific. The facility size is capacity rather than drawn cash. The terms, tenor, cost of funds and advance rate were not published, and neither were answers on who bears vacancy and early termination risk. The main risks are tenants missing payments and landlords wanting cash quickly. The measure TechScoop suggests watching is facility utilisation and arrears performance, which will show whether the model can be copied by other Saudi proptechs.
Leadership
- Ibrahim Balilah, Co-founder and chief executive
- Mohammed Alfraihi, Co-founder
- Ibrahim Balilah, Chief executive