• Saudi-Arabia based fintech TechMal has raised $1 million in a pre-Seed investment round, led by Al Majidiya Investment Company alongside other investors.
• Founded in 2024 by Saud Al-Rebdi and Basil Alsuhaibani, TechMal operates as a micro-consumer finance company.

Source: Inc. Arabia

TechMal, 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.

Established in 2024, TechMal 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 instalments through the Ejar platform.