Saudi Arabia’s real-estate rentals startup TechMal secured $1 M Pre-seed funding

In a pre-seed investment round, TechMal, a Saudi startup that specializes in financing for residential real estate rentals, has raised SAR 3.75 million ($1 million). Al Majidiya Investment Company led the funding effort in collaboration with other investors.

TechMal was founded in 2024 and 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 provides financing solutions to the residential rental sector.