Founders: Shaheen Alkhudhari
The Middle East’s 50 Most-Funded Startups
Rank: #44
Ajar
Country: U.A.E.
Funding: $5.9 million
Investors: BECO Capital, Sharq VC, Seed Partner, 500 Startups, SBX Capital
Founded In: 2016
Cloud-based property management and rent collection platform
Cloud-based property management and rent collection platform
Ajar offers its clients a property management solution, with rent collection capabilities for landlords in the U.A.E. and Kuwait, as well as Spain and Bosnia. Ajar’s business model is primarily based on transaction fees from payments made via credit and debit cards. According to the company, it performed 82,000 transactions last year, with a gross merchandise value of $110 million.