Ajar Online Raise Second Round of Investment
Ajar Online, a fintech startup based in Kuwait, closed their second investment in a round led by Dubai-based venture firm BECO Capital and Sharq Ventures. A cloud service designed for the real estate market, Ajar Online offers a quick and secure online rent collection and free property management platform for tenants and landlords. The beta version was released in late 2015 with a full live cloud solution launched that August. In October of the same year, Ajar Online signed a non-exclusive partnership with Warba Bank to empower their solution, and by January 2016 Ajar Online was officially established. Ajar Online provides optimum free property management solutions by digitizing rent payment and collection services in an effective manner. The service allows tenants to pay their rent online, at any time and anywhere via SMS and email in less than 60 seconds, simplifying the rent collection process for landlords and providing efficient property management tools to save time, reduce costs and take the right decisions. The latest investment will support Ajar Online’s growth in the region, allowing them to upgrade the current services, and release new tools for the landlords. With offices in Kuwait and representatives available in Dubai and Saudi Arabia, Ajar Online are actively pursuing to increase their workforce by hiring entrepreneurial talents to join their team, and aiming to strengthen their presence by scaling globally by early 2018.