THE MIDDLE EAST’S
47. Rize *
Description: Rent Now Pay Later platform
Headquarters: Saudi Arabia
Date of Establishment: 2021
Founders: Ibrahim Balilah, Mohammed Alfraihi
Rize enables tenants to pay rent in monthly installments while paying landlords the annual rent upfront. It received over $450 million in rent demand in 2025 with a network of more than 1,500 broker partners and 10,000 active tenants and landlords. In January 2025, Rize raised $35 million in a Series A equity and debt round led by Raed Ventures, bringing its total funding to $44 million. The company plans to launch Shayik, a tenant screening product for landlords and brokers, in 2026.In September 2026, Rize secured a $50 million asset-backed Murabaha facility from Jadwa Investment.