Despite being a relatively new player in the proptech market, Kuwaiti startup Ajar Online has an ambitious plan to revolutionize property-related payments. The company took a big stride towards that goal earlier this week by inking a new deal with Ahi United Bank (AUB).
The deal has paved the way for Ajar to roll out a new service that enhances the efficiency of rent and property-related payments by incorporating secure digital channels.
The new service also introduces dedicated cash collection points in AUB’s Kuwait branches in addition to Ajar’s automated online rent-payment platform. But that’s not all — there’s more to this deal between Ajar and AUB.
Ajar’s digitized real-estate solutions also include a free property management platform for real-estate firms, landlords, and property managers. This multi-purpose platform lets owners and caretakers of properties efficiently manage multiple tenants and property, acquire real-time updates on rent collection, and more. Among other perks, this unified rent collection and property management platform allows users to make data-driven decisions while evaluating units and leases.
Commenting on the importance of the deal with AUB, Shaheen Al Khudhari, CEO & Founder of Ajar Online, stated, “Our partnership with AUB brings us a step forward in digitizing the real-estate market by making Ajar Online the payment and property management platform for AUB’s real estate customers, and allowing us for the first time to accept cash payments through our platform via cash collection points across all AUB branches. With that, landlords can now acquire 100% of their rent collection online, making Ajar Online the first platform in the region to offer such a robust and complete real estate payment solution.”
Ajar currently serves the GCC market from its Kuwait and UAE offices. Having established itself as the first and most trusted rent collection platform in the Middle East and North Africa, the company now plans on expanding globally.