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The Rent-Now-Pay-Later (RNPL) model is transforming Dubai's real estate market by allowing tenants to pay rent in monthly installments while landlords receive full payment upfront. This innovation enhances tenant-landlord dynamics, particularly benefiting the expat population, and is projected to capture 15-20% of the UAE's $25.8 billion rental market by 2025. Keyper, a leading RNPL provider, has significantly reduced leasing times and achieved high tenant retention, showcasing the model's potential to modernize rental practices in the region.
The Rent-Now-Pay-Later (RNPL) model is transforming Dubai's real estate market by allowing tenants to pay rent in monthly installments while landlords receive full payment upfront. This innovation enhances tenant-landlord dynamics, particularly benefiting the expat population, and is projected to capture 15-20% of the UAE's $25.8 billion rental market by 2025. Keyper, a leading RNPL provider, has significantly reduced leasing times and achieved high tenant retention, showcasing the model's potential to modernize rental practices in the region.
UAE-based fintech startup Klaim has secured $26 million in Series A funding, including $10 million in equity and $16 million in debt, to expedite insurance claim payments for healthcare providers. Founded in 2019, Klaim allows providers to receive payments within 24 hours, significantly enhancing cash flow. The company plans to expand operations across the MENA region, focusing on the UAE, Saudi Arabia, and Oman, while also enhancing its technology and forming new partnerships.
UAE-based fintech startup Klaim has secured $26 million in Series A funding, including $10 million in equity and $16 million in debt, to expedite insurance claim payments for healthcare providers. Founded in 2019, Klaim allows providers to receive payments within 24 hours, significantly enhancing cash flow. The company plans to expand operations across the MENA region, focusing on the UAE, Saudi Arabia, and Oman, while also enhancing its technology and partnerships.
Family offices in the Middle East are increasingly venturing into financial services, shifting from traditional wealth preservation to active roles in asset management, private equity, and fintech. This trend, fueled by global market dynamics, aims to enhance investment control and influence in global finance.Prominent players like Jadwa Investment in Saudi Arabia, managing over SAR 70 billion, and EFG Holding in Egypt, which operates across multiple regions, exemplify this evolution. These developments are positioning the Middle East as a growing hub for financial innovation, transforming family wealth management.
Saudi digital bank Derayah Financial Co. saw its share price surge 30% on its debut, reaching 39 riyals (US$10.40) after a successful IPO that raised 1.5 billion riyals (US$400 million) by selling a 20% stake. The IPO was priced at the top of the range and was oversubscribed 162 times by institutional investors. Founded in 2009, Derayah specializes in online brokerage and asset management, managing assets worth 15.1 billion riyals (US$4.03 billion) as of June 2024, with a reported net income of 330 million riyals (US$87.97 million) in 2023.
Saudi digital bank Derayah Financial Co. saw its share price surge 30% on its debut, reaching 39 riyals (US$10.40) after a successful IPO that raised 1.5 billion riyals (US$400 million) by selling a 20% stake. The IPO was priced at the top of the range and was oversubscribed 162 times by institutional investors. Founded in 2009, Derayah specializes in online brokerage and asset management, managing assets worth 15.1 billion riyals (US$4.03 billion) as of June 2024, with a reported net income of 330 million riyals (US$87.97 million) in 2023.
Ajras, a Saudi proptech startup founded in 2022 by Muath Aljubailan, has raised $1.5 million in a pre-Series A funding round led by Veda Holding. The company specializes in innovative financing solutions for rent payments, particularly in the commercial and industrial sectors, and has launched a "Rent Now, Pay Later" option. Previously, Ajras secured SAR 105.05 million (USD 28 million) in seed funding in November 2023.
Saudi e-commerce platform Aya has raised USD 1.6M in a seed funding round led by Khwarizmi Ventures, with participation from other investors. The startup aims to unify the fragmented modest fashion industry, focusing on the Abaya market, and plans to use the funds for product development, market expansion, and enhancing customer experience. Co-founder Munira Al Kadi emphasized the investment as validation of their vision to disrupt a traditional market.
Saudi Arabia's economy grew by 1.3% year-on-year in Q4 2024, driven by a 4.3% increase in non-oil activities and a 2.6% rise in government sectors, despite a 4.5% decline in oil activities. The IMF has revised the 2024 GDP growth forecast to 1.5% due to ongoing oil production cuts and regional conflicts, but projects a rebound to 4.6% in 2025. The government anticipates a fiscal deficit of SAR 101 billion ($26.88 billion) for 2025, linked to investments in Vision 2030 initiatives aimed at economic diversification.
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revolutionizing rental payments in the uae with rent now pay later model
10:01 11.03.2025
revolutionizing rental payments in the uae with rent now pay later model
10:01 11.03.2025
klaim secures 26 million to enhance healthcare insurance claim payments in mena
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klaim secures 26 million to enhance healthcare insurance claim payments in mena
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middle east family offices embrace financial services for growth and influence
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derayah financial shares surge 30 percent after successful 400 million dollar ipo
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derayah financial co shares surge 30 percent after successful ipo
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