UAE’s proptech Huspy acquires mortgage consultancy Home Matters

UAE’s proptech Huspy acquires mortgage consultancy Home Matters

Huspy, the UAE headquartered proptech startup, has announced the acquisition of Home Matters, to create the country’s largest home financing platform. Founded in 2020, Huspy’s digital-first business has achieved 30 per cent month-on-month growth. Prior to its 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 $1bn in gross merchandise value annually and employ over 150 people, giving buyers a new way to finance their home. The home mortgage market in Dubai has grown by 68 per cent between Q1 and Q3 2021, as a result of efforts across the value chain to simplify financing and accelerate market growth. 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. With Huspy, acquiring a mortgage has been simplified, allowing customers to start the home financing process in 15 minutes, with access to a wide array of offers from multiple lenders, creating time and cost savings. “Today we are excited to announce the acquisition of Home Matters and advance our mission to make home financing seamless