About Rize
Rize is a company based in Riyadh (Saudi Arabia) founded in 2020. It operates as a PropTech, and Brokerage / Intermediation. Rize has raised $38.06 million across 5 funding rounds from investors including Bonat, RAED Ventures and SEEDRA Ventures. Rize offers products and services including Rent Now, Pay Later.
- Headquarter Riyadh, Saudi Arabia
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Sectors
Real Estate & ConstructionFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Alulu Financial Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$38.06 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Bonat
& 9 more
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Employee Count
Employee Count
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Products & Services of Rize
Rize offers a comprehensive portfolio of products and services, including Rent Now, Pay Later. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Rental payments are split into 12 monthly installments.
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Funding Insights of Rize
Rize has successfully raised a total of $38.06M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Debt – Conventional - Rize | Valuation |
investors |
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| Jan, 2025 | Amount | Series A - Rize | Valuation | Raed Ventures | |
| Feb, 2024 | Amount | Seed - Rize | Valuation | HALA Ventures , Joa Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rize
Rize has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Bonat, RAED Ventures and SEEDRA Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage tech startups are invested in by Raed Ventures.
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Founded Year | Domain | Location | |
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Venture building and investment services are offered by SEEDRA.
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Founded Year | Domain | Location | |
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Joa Capital is focused on investing in high-growth technology businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rize
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rize
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rize Comparisons
Competitors of Rize
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rize
Frequently Asked Questions about Rize
When was Rize founded?
Rize was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Rize located?
Rize is headquartered in Riyadh, Saudi Arabia.
Is Rize a funded company?
Rize is a funded company, having raised a total of $38.06M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.9M, raised on Feb 16, 2023.
What does Rize do?
Rize is established as an innovative platform for simplifying the rental process in Saudi Arabia through its application and website. The primary service offered is Rent Now, Pay Later, allowing tenants to convert annual rent into 12 manageable monthly payments while ensuring property owners receive the full annual rent upfront. This dual benefit model is designed to support both tenants and landlords in the residential real estate sector. Rize is licensed by relevant authorities and operates under the unified rental contract system, contributing to the growth of property technology in the region.
What products or services does Rize offer?
Rize offers Rent Now, Pay Later.
Who are Rize's investors?
Rize has 10 investors. Key investors include Bonat, RAED Ventures, SEEDRA Ventures, Aqar, and Joa Capital.
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