Huspy acquires Home Matters to create the UAE’s largest home financing platform – ITP.net

Huspy acquires Home Matters to create the UAE’s largest home financing platform – ITP.net

UAE-based property tech startup Huspy is taking over Home Matters to create the country’s largest home financing platform.

Huspy’s digital-first business has achieved nearly 30% month-on-month growth since being established in 2020. Prior to the acquisition, Home Matters was the second-largest home mortgage broker in the UAE, having launched operations over 15 years ago. The combined entity will manage over US$1 billion in gross merchandise value annually and employ over 150 people, giving buyers a new way to finance their home. 

As a result of efforts across the value chain to simplify financing and accelerate market growth, the home mortgage market in Dubai has grown by 68% between Q1 and Q3 2021. Built to put customers in control of their home purchase, Huspy’s technology product for customers and lenders will underpin the combined business and reimagine the entire home financing journey.