Ajar On­line Raise Sec­ond Round of In­vest­ment

Arabnet - The Quarterly - - Industry Stories -

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.

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