Keyper secures $34 million in mix of equity, Sukuk

Keyper secures $34 million in mix of equity, Sukuk

UAE-based proptech Keyper has raised $4 million in equity in a pre-Series A round, led by BECO Capital and Middle East Venture Partners (MEVP), with participation from existing investors Vivium Holding, Jabbar Group, Signature Developers, and new investors Annex Investments, Pin Investment, and Al Qahtani Investment, among other angels. 

The company has also received an additional $30 million in Shariah-compliant Sukuk financing from global asset manager Franklin Templeton Investments (ME) Ltd., bringing its cumulative capital raised to-date to over $40 million. 

Founded by Omar Abu Innab and Walid Shihabi in 2022, Keyper offers a property management platform where tenants can track their expenses and charge online, and investors get real estate portfolios and access to data-driven insights. 

Keyper will invest the fresh funds into digitising the rental experience in the UAE and scaling its innovative Rent Now, Pay Later (RNPL) solution.

Last October, Keyper raised a $6.5 million Seed round.

Press release:

Leading UAE Prop-Tech company, Keyper, announces a pre-series A capital raise of $4 million in equity. This round was led by top regional venture capital firms BECO Capital and Middle East Venture Partners (MEVP), with participation from existing investors; Vivium Holding, Jabbar Group, Signature Developers, and new investors; Annex Investments, Pin Investment, and Al