Ajras
Category: AI in Fintech
Ajras offers 'rent now, pay later' solutions for corporate leasing, enabling flexible rental payment plans that comply with Sharia law. Ajras was founded in 2022. The company is led by Muath Aljubailan. Based in Riyadh, Saudi Arabia. Team size: 11-50. Total funding raised: USD 29.5 Million. Latest round: Pre-Series A, $1.5M, 2025-03, led by Veda Holding. Key investors include Veda Holding, Madarek International.
- Founded
- 2022
- Headquarters
- Riyadh, Saudi Arabia
- Team size
- 11-50
- Total funding
- USD 29.5 Million
Value proposition
Provides affordable and flexible rental payment solutions by leveraging AI-driven technology to streamline lease processes and ensure compliance with Sharia principles.
Products and solutions
Rent Now, Pay Later solutions for corporate leasing
Unique value
Integrates Sharia-compliant frameworks with AI-driven processes for streamlined rental payments.
Target customer
Businesses and tenants seeking flexible, Sharia-compliant rental options for commercial properties
Industries served
Real Estate, Corporate Leasing
Technology advantage
Utilizes advanced AI tools to manage flexible, compliant rental payments while ensuring robust regulatory and religious adherence.
How they differentiate
Focuses on Sharia compliance and leverages AI to enhance flexibility and efficiency in rental payment solutions.
Main competitors
Rize, Other regional Proptech startups offering rental solutions
Key partnerships
Madarek International, Other strategic collaborations as indicated by recent industry agreements
Major milestones
Raised $28M in seed funding Signed strategic agreements at major industry events Launched an AI-driven, Sharia-compliant rent payment platform
Growth metrics
Not publicly detailed
Market positioning
Positioned as a leading provider of flexible, compliant leasing solutions in the Saudi market with potential for broader Middle Eastern expansion.
Geographic focus
Primarily Saudi Arabia with plans to expand across the Middle East.
Patents and IP
None
About Muath Aljubailan
Muath Aljubailan is the Founder and CEO of Ajras, a Saudi-based proptech startup that offers 'rent now, pay later' solutions. He founded the company in 2022. Under his leadership, Ajras has secured significant funding, including a $28 million seed round.
Official website: https://www.ajras.com