In a pre-seed investment round, TechMal, a Saudi Arabian startup focused on financing residential real estate rentals, raised SAR 3.75 million ($1 million). Al Majidiya Investment Company led the funding effort in collaboration with other investors.
Founded in 2024, TechMal is a micro-finance company licensed by the Saudi Arabian Central Bank (SAMA).
Through the Ejar platform, tenants can convert their annual or semi-annual rental payments into manageable monthly installments. The company offers financing solutions specifically for the residential rental sector.
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By Proptechbuzz
By Ravi Kumar
