Tech Mal Secures $1 Million in Pre-seed Round
Tech Mal operates as a micro-consumer finance company licensed by the Central Bank of Saudi Arabia (SAMA).
By Inc.Arabia Staff
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Tech Mal, a Saudi startup focusing on residential real estate rental financing, has raised SAR 3.75 million ($1 million) in a pre-seed investment round. The funding was led by Al Majidiya Investment Company alongside other investors.[1]
Established in 2024, Tech Mal operates as a micro-consumer finance company licensed by the Central Bank of Saudi Arabia (SAMA).
The company offers financing solutions to the residential rental sector, enabling tenants to convert annual or semi-annual rental payments into manageable monthly installments through the Ejar platform.
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