Saudi AirBnB-like platform Mabaat raises $2.4m in funding round
- Date: 19-Aug-2021
- Source: Salaam Gateway
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi AirBnB-like platform Mabaat raises $2.4m in funding round
Published 18 Aug,2021 via Arab News - Economy RIYADH - Jeddah-based accommodation platform Mabaat has secured SR9 million ($2.4 million) in a seed funding round, as it aims to build on its contribution to Saudi Arabia’s tourism goals.
The Saudi startup provides a platform for property owners to offer short-term rental accommodation, much like the AirBnB model. Unlike the US holiday rental platform, Mabaat handles the whole rental process from marketing, booking and payments to property maintenance.
Mabaat manages mid- to high-end private homes and compounds across the Kingdom.
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