Revio Technologies LLC (“Revio”) and Estajer (“Estajer”) have signed a Memorandum of Understanding (MoU) to explore collaboration on next-generation subscription and rental models across Saudi Arabia and Qatar, with ambitions to scale across the wider GCC. The MoU was signed during Web Summit Qatar 2026 at the Qatar Development Bank (QDB) Pavilion.
The MoU establishes a framework for the two companies to assess pilot initiatives and joint go-to-market opportunities focused on access-based, asset-light consumption models. Initial areas of exploration include subscription and rental concepts such as Revio’s “Phone for Life,” with potential expansion into broader electronics and consumer asset categories.
The signing at the QDB Pavilion highlights the role of Qatar Development Bank in enabling partnerships that support innovation, entrepreneurship, and scalable technology-led business models across the region, with Revio being one of the portfolio startups under Qatar FinTech Hub (QFTH), led by QDB.
As a Qatar-owned company, Revio’s collaboration with Estajer reflects the growing opportunity for regional partnerships that connect innovation developed in Qatar with market expertise and scale in Saudi Arabia. This initiative supports Qatar’s broader innovation and entrepreneurship ecosystem and aligns with the goals of Qatar National Vision 2030, particularly in promoting sustainable economic development, digital transformation, and private-sector-led growth.
As a Saudi Arabia-based platform, Estajer provides market access, operational infrastructure, and regional expertise to support scalable deployment across Saudi Arabia and the wider GCC.
Under the MoU, the companies will explore how their complementary strengths can accelerate adoption of circular and lifecycle-based access models across multiple GCC markets. Estajer brings expertise in marketplace infrastructure, secure transactions, KYC and verification, and payments, enabling scalable rental and subscription experiences across multiple asset categories. Revio contributes capabilities in subscription lifecycle management, circular economy models, and transforming traditional trade-in and ownership structures into scalable subscription and rental platforms.
Together, Revio and Estajer aim to explore customer-centric and financially sustainable alternatives to ownership that respond to evolving consumer expectations, while laying the groundwork for responsible expansion across the region.
“With the support of QDB and strong ecosystem partners, we see meaningful potential in this collaboration,” said Faisal Almudahka, Founder of Revio Technologies LLC. “By combining subscription-led access models with marketplace and payment infrastructure, we can explore how concepts like Phone for Life may be scaled responsibly across Saudi Arabia, Qatar, and the wider GCC.”
“This collaboration represents an important step in expanding access-based commerce across the GCC,” said Mohammed Yousfan, Co-Founder of Estajer. “By combining Estajer’s marketplace infrastructure with Revio’s subscription expertise, we aim to accelerate adoption of lifecycle-driven access models and enable scalable alternatives to traditional ownership across the region.”
Revio would like to thank Qatar Development Bank for its continued partnership and support, and for hosting the MoU signing at the QDB Pavilion during Web Summit Qatar 2026.
About Revio Technologies LLC
Revio Technologies LLC is a Qatar-based technology company focused on access-based and lifecycle-driven models for consumer technology. The company develops subscription and rental solutions that improve affordability, flexibility, and sustainability by enabling alternatives to traditional ownership and trade-in models.
About Estajer
Estajer is a Saudi Arabia-based rental and subscription marketplace infrastructure platform. Estajer enables businesses and asset owners to offer rental and subscription services through integrated marketplace technology, secure payments, and KYC and verification. The company is focused on building the infrastructure powering access-based commerce across Saudi Arabia and the wider GCC.
About Qatar Development Bank (QDB)
Qatar Development Bank is a national development institution that supports entrepreneurship, innovation, and private-sector growth through financing, advisory services, and ecosystem development initiatives.
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