Rize secures $50M Shariah-compliant facility from Jadwa for rental portfolio
What's the deal? Rize, a Saudi platform for residential rental payments, has secured a 187,500,000 SAR (roughly $50 million) asset-backed, Shariah-compliant murabaha facility from Jadwa InvestmentDealroom has a profile for this one. Try Dealroom →, a Middle East investment manager and advisory firm.
What's the endgame? Rize lets tenants pay rent monthly rather than in the annual or semi-annual advance payment typical in the market, while landlords receive the full rent upfront. Deals are executed through documented contracts on the Ejar platform.
Where does the money go? The facility funds Rize's rental contract portfolio. That frees up the company's equity for product development and partner network expansion.
Why now? Rize is growing fast. Contract volumes rose more than 24-fold in two years, revenue grew 6.4 times in 2025, and renewal rates topped 60%.
Since launch, the platform has processed rental requests worth over 5.75 billion SAR — a signal of demand for monthly payments in a market it sizes at about 150 billion SAR annually. Rize now has more than 400,000 registered users and works with over 2,900 real-estate partners across Saudi Arabia.
What they're saying: "This is the model we want to build on: portfolio growth funded through Shariah-compliant financing, and growth in what we create," said co-founder and chief executive officer Ibrahim Bulaila (translated from Arabic).
Jadwa chief executive officer Tariq Al-Sudairy said the deal "reflects Jadwa's strategy of offering structured private-credit solutions" aligned with the operating models of scaleups in the kingdom (translated from Arabic).
Rize is also backed by investors including Sadu Ventures, Raed Ventures, Hala VenturesDealroom has a profile for this one. Try Dealroom →, Joa CapitalDealroom has a profile for this one. Try Dealroom →, AqarDealroom has a profile for this one. Try Dealroom →, Bunat SaudiDealroom has a profile for this one. Try Dealroom →, Namaa Ventures, Wathiq FinancialDealroom has a profile for this one. Try Dealroom →, and RizmDealroom has a profile for this one. Try Dealroom →.
The signal: Debt facilities that fund the portfolio rather than dilute equity are becoming a common play for lending-adjacent startups. For Rize, tapping structured private credit lets it scale contract volumes while pursuing Vision 2030 goals of financial inclusion and a stronger real-estate sector.
Image credit: Generated with Gemini
