رايز تقدم خدمة تحويل عقود الإيجار السنوية إلى 12 دفعة شهرية ميسرة للمستأجرين. تضمن المنصة حصول مالك العقار على قيمة الإيجار السنوي كاملاً مقدماً عبر آلية موثقة وموافقة سريعة. هذه الخدمة تهدف إلى توفير مرونة في سداد الإيجار مع إدارة الدفعات عبر تطبيق إلكتروني.
Funding
$37.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
RVFounders
Product
Problem
Tenants in Saudi Arabia often face the burden of paying the full annual rent upfront, creating a significant financial strain and limiting housing accessibility. This traditional payment structure restricts renters' financial flexibility and can hinder their ability to secure desirable properties.
Solution
Rize is a PropTech platform that addresses the challenges of upfront annual rent payments by enabling tenants to convert their annual rent into manageable monthly installments. Through Rize, renters can divide their yearly rent into 12 monthly payments, providing increased financial flexibility and easing the burden of large, upfront costs. Simultaneously, landlords receive the full annual rent amount upfront, ensuring consistent and reliable income. Rize streamlines the rental process through its website and mobile application, offering a seamless experience for both tenants and property owners. The platform manages the subleasing agreement, verifies tenant eligibility, and ensures compliance with local regulations.
Target Audience
Rize primarily targets tenants in Saudi Arabia seeking flexible payment options for annual rental contracts, as well as landlords looking to receive guaranteed upfront payments.
Features
- Rent-to-monthly installment conversion: Allows tenants to pay rent in 12 monthly installments instead of a lump sum.
- Landlord payment: Ensures landlords receive the full annual rent upfront.
- Fast approval: Application processing and approval within 30 minutes.
- Digital platform: Streamlined rental process via website and mobile app.
- Compliance: Adherence to Saudi Arabia's unified lease agreement regulations.
- Eligibility criteria: Requires applicants to be Saudi nationals or residents, employed, and meet minimum income requirements.
- Secure transactions: Verified lease agreement requirements and data validation.