Rize
Aiming to revolutionize the real estate rental journey.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
* | $7.0m | Debt | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 100 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Rize is a PropTech platform that is transforming the rental market in Saudi Arabia with its "Rent Now, Pay Later" service. The company addresses the local market's preference for annual or semi-annual rent payments by offering tenants the flexibility to pay their rent in monthly installments. This model makes renting more accessible and affordable for individuals and families, while ensuring landlords receive their payments on time.
Rize operates in the real estate technology sector, catering to both residential and commercial tenants. The platform digitizes the entire rental process, from property search to contract signing and payment. The business model is centered around the "Rent Now, Pay Later" feature, where Rize likely earns revenue through service fees from tenants or commissions from landlords for facilitating the rental agreements and managing payments.
By partnering with real estate companies and leveraging technology, Rize aims to streamline the rental experience for all parties involved. The company was founded in 2021 and has since been focused on expanding its services across the Kingdom of Saudi Arabia.
Keywords: PropTech, Rent Now Pay Later, Real Estate, Rental Payments, FinTech, Saudi Arabia, Property Management, Tenant Services, Lease Management, Online Payments