• investment - tech - Tech Facts - tech news

    Saudi proptech, Ejari, Secures $1m in pre-seed funding

    A Saudi Arabia-based property technology (proptech) firm, Ejari, has closed a pre-seed funding round, raising $1 million (SAR 3.75 million). The round was led by Sanabil 500 MENA and Hambro Perks’ Oryx Fund, with participation from several angel investors. Established in 2022 by Yazeed Al-Shamsi, Fahad Albedah, Mohammed Alkhelewy, and Khalid Almunif, Ejari offers a unique Rent Now, Pay Later (RNPL) solution for residential rentals, addressing the need for more flexible payment options in the Saudi rental market. Ejari introduced its RNPL service in the second quarter of 2023 after obtaining a license from the Real Estate General Authority of…

  • networks - tech - tech news

    Telecoms Unionists Wants USP Fund Investigated

    Unionists in the telecoms industry under the aegis of The Association of Telecommunications, Information Technology, Cable Satellite Network Operators and Allied Services Employers of Nigeria (ATICEN) have emphasised the need to investigate the fund established for the provision of telecoms in- frasture in the rural areas across the country. They called on President Bola Ahmed Tinubu as well as the National Assembly to critically investigate the utilisation of the Fund. They insisted that the immediate past Minister of Communications and Digital Economy, Prof. Isa Pantami, as well as a former Executive Vice Chairman (EVC)/CEO of the Nigerian Communications Commission, Prof.…