UAE-headquartered Huspy fuels growth plans in MENA via funding round

UAE-headquartered Huspy fuels growth plans in MENA via funding round

UAE – Mubasher: Huspy, a property technology firm headquartered in the UAE, has raised a funding round led by Balderton Capital, along with existing investor Fifth Wall as well as other investors.

The fundraising had a considerably higher valuation than its 2022 Series A, which raised $37 million (AED 135.80 million) and was led by Peak XV, according to a press release.

The transaction aligns with Huspy’s objectives to develop a Super App for real estate, reshaping the process of buying properties across MENA and Europe.

Launched in 2020, Huspy has transformed the real estate landscape; becoming the UAE’s largest mortgage provider by facilitating more than 25% of all residential mortgages in Dubai.

Meanwhile, the company offers end-to-end home buying and selling services in the UAE and Spain.

Furthermore, Huspy scaled up its services in real estate, streamlining the entire home-buying process from property search to financing and beyond.

To date, Huspy has processed more than AED 22 billion in home transaction value, helping over 13,500 people achieve their dream of homeownership.

Rana Yared, General Partner of Balderton Capital, said: “Offering a holistic real estate platform that connects all stakeholders, Huspy's product has been thoughtfully designed to tackle major pain points and act as an operational cockpit