Riyadh - Sharikat Mubasher: The Saudi property technology (proptech) company, Ajras, secured $1.5 million in a pre-Series A round led by Veda Holding to expand rent now, pay later (RNPL) solutions, according to the company’s recent statement.

Ajras provides flexible leasing solutions tailored for commercial and industrial sectors, enabling businesses to access essential equipment and services with ease. It secured SAR 105 million in a seed debt and equity funding round in November 2023 to expand its business portfolio and develop its products, including rent payment management solutions.

Founded in 2022 by Muath Aljubailan and officially launched its services in 2023, Ajras supports businesses in managing their operational costs efficiently. 

Veda Holding is a Riyadh-based incubator that supports startups and mature companies by providing value and growth capital and investing in high-potential companies.