Ajras, a Saudi proptech startup founded in 2022 by Muath Aljubailan, has successfully raised US$1.5 million in a pre-Series A funding round, led by Veda Holding. The investment, announced on March 11, 2025, will help Ajras expand its innovative financing solutions for rent payments, primarily targeting commercial and industrial properties.
Based in Riyadh and licensed by the General Authority for Real Estate, Ajras aims to simplify rent payments through its “Rent Now, Pay Later” program. This program allows tenants to pay rent in installments, improving accessibility and financial flexibility. The startup’s rapid growth follows a successful seed funding round in November 2023, where it raised approximately US$28 million from Madarek International.
Ajras is positioning itself as a key player in the proptech sector, using technology to streamline the rental payment process, with a focus on enhancing financial convenience for both tenants and landlords. The latest funding round is expected to support the company’s ongoing growth and further innovations in the rental finance space.
