INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 41

• UAE proptech Ejari acquires $14.65M in debt-equity Seed round to expand RPNL services
• Israeli’s wastewater intelligence company Kando banks $10M in funding to leverage GenAI in reusing wastewater
• Kuwait’s fintech startup Krti receives $1.5M pre-seed to kickstart online application
• UAE decentralized data storage company Botanika secures $1.5M in funding to launch decentralized data storage solutions 
• South African fintech startup Scale receives $700,000 pre-seed fund to expand operations
• South African shipping platform TUNL closes undisclosed seed funding to boost eCommerce exports 
• Johannesburg's B2B digital media and communications startup Way Media garners strategic funds to expand its facilities
• Nigerian ed-tech startup Dexude raises investment to accelerate access to quality education

UAE proptech Ejari acquires $14.65M in debt-equity Seed round to expand RPNL services

UAE-based proptech and fintech company Ejari received a $14.65 million seed fund in a mix of debt and equity from Partners for Growth (PFG), BECO Capital, anb seed, Rua Ventures, Alinma Bank (Alinma Pay), Vision Ventures and Aqar platform, with participation from existing investor including Salica Oryx Fund.

Since its launch in 2022 by Yazeed Al-Shamsi, Fahad Albedah, Mohammed Alkhelewy, and Khalid Almunif, Ejari provides rent now, pay later (RNPL) solution tailored for Saudi Arabia’s real estate rental market with flexible payment options.

Presently, the company operates in 17 cities across 8 regions in Saudi Arabia and has generated over $30 million in demand for its RNPL service in less than a year. 

With the new capital infusion, Ejari plans to strengthen its market share within the residential RNPL area, expand its product and service offerings, and solidify its position in the kingdom's RNPL segment.