Munjz

Munjz is a Saudi Arabian property technology company that provides a cloud-based platform for managing residential and commercial facilities. The company was founded in 2017 by Abdullah AlDaij, who serves as CEO, alongside co-founders Ali AlHammali (CTO) and Jasem Alomran (CMO). Initially launched as a mobile application to connect homeowners with pre-screened technicians for maintenance services, Munjz has since evolved its business model.

The pivot in November 2021 transformed the company into a B2B PropTech SaaS provider, targeting the broader real-estate sector. This strategic shift was driven by the founders' recognition of the significant market opportunity in digitalizing property management. The platform is designed to centralize and automate facility management operations, including maintenance, cleaning, and contracting work, thereby enhancing efficiency for all stakeholders. The company's solutions cater to a diverse client base that includes property managers, real estate developers, commercial retailers, and residential communities. Notable clients include major brands like McDonald's, Dunkin' Donuts, and Almajdiah Residence.

Munjz operates through three main product segments: "Munjz Connect" for B2B property management, "Munjz Now" for individual consumer services, and "Munjz Market" for service providers and suppliers. This structure creates a comprehensive ecosystem that connects property owners, tenants, facility managers, and service vendors on a single, integrated platform. The platform's features include workflow automation, data-driven reporting for informed decision-making, e-payment capabilities, and white-labeling options for clients. Revenue is generated through three primary streams: commissions from services completed through the marketplace, subscription fees for access to the SaaS platform, and charges for white-labeled services provided to property managers' end-users.

The company has secured significant funding to fuel its growth, including a pre-Series A round in 2020 and a $5 million Series A round in February 2023. The Series A funding was led by an undisclosed investor with participation from Vision Ventures, Almajdiah Investment Company, and Wathiq Proptech Fund. These funds are allocated towards product development, technology enhancement, and team expansion to support its growth strategy in the Saudi market and future expansions into other regions like Egypt and Abu Dhabi.

Keywords: Munjz, property technology, PropTech, facility management, real estate management, SaaS, B2B platform, maintenance services, Abdullah AlDaij, cloud platform, asset management, property management software, Munjz Connect, Munjz Now, Munjz Market, real estate technology, Saudi Arabia, facility automation, building maintenance, commercial properties, residential properties, marketplace, vendor management