"We Got Funded!" UAE-Based Keyper Raises US$4 Million In A Pre-Series A Round, And An Additional $30 Million In … – Entrepreneur

"We Got Funded!" UAE-Based Keyper Raises US$4 Million In A Pre-Series A Round, And An Additional $30 Million In … – Entrepreneur

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Keyper, a UAE-based rent-now-pay-later (RNPL) platform, has raised US$4 million in a pre-series A equity round led by BECO Capital, a UAE-headquartered early-stage venture capital (VC) firm, and Middle East Venture Partners (MEVP), a Middle East-focused VC firm that invests in early and growth stage tech startups.The round also saw the participation of some of Keyper's existing investors such as Vivium Holding, Jabbar Group, Signature Developers, as well as new investors including Annex Investments, Pin Investment, and Al Qahtani Investment.In addition to the pre-series A equity capital raise, Keyper has also signed a term sheet agreement for an additional US$30 million in Shari'ah-compliant sukuk financing from Franklin Templeton Middle East, a UAE-based global asset manager that is regulated by the Dubai Financial Services Authority.

With both sets of financing, the proptech startup's accumulated capital has now reached over US$40 million.With this influx of funds, Keyper co-founder and CEO Omar Abu Innab explains that his platform is set to further digitize the UAE's rental ecosystem, while also allocating an amount towards innovating its RNPL solution.

"At Keyper, our rental experience is already digital-first, from digitally