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Kuwait-based FinTech startup Ajar Online has wrapped up a second investment round led by Dubai-based venture capital firm BECO Capital.

The fund raised in the latest round has enabled the company to upgrade its property management platform by adding an array of sophisticated tools designed to make life easier for real estate firms, property managers, landlords, and owners association.

Not only will these new features add great operational value, but they are also expected to go a long way to boost safety and efficiency, which in turn could drastically reduce operational costs and time. The cumulative effect of all these benefits could manifest into better decision making about properties and leases.

“We are passionate and strive to be the Middle East’s leading property management and rent collection platform, used by every property owner and real-estate company to simplify what used to be a complicated process. The team behind Ajar Online continuously work to serve all our customers in a professional manner, and 2018 started with a great boost. I am confident we will end this year with success, growth and scalability in the region,” said Shaheen AlKhudari, Chief Executive at Ajar Online while addressing the rapid growth witnessed by the company of late.

Earlier, Ajar Online had another successful investment round led by Shaq Ventures in October 2017.