Tech Mal Secures $1 Million in Pre-seed Round

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.