4 years ago

Huspy Raises Seed Funding Led by VentureFriends

  • Huspy, a Dubai-based property technology (proptech) and digital brokerage startup, has raised a Seed round led by VentureFriends, with participation from Amir Farha, B&Y Ventures, and Plug and Play and some regional family offices

  • The amount raised was not disclosed

  • Huspy offers a licensed mortgage platform offering digital financing and claims to be the largest brokerage in the UAE with more than $200 million in annualized GMV

  • The company plans to use the funding for regional and global expansion, as well as advancing its products and technology.

      • ProblemFinancial Services

      "The home-buying experience is broken, it takes consumers two months to finance their home and the majority overpay for their mortgage. This problem is present globally but is even more visible in emerging markets."

      Solution

      "Huspy offers a licensed mortgage platform offering digital financing. It claims to be the largest brokerage in the UAE with more than $200 million in annualized GMV. The company promises customers a quote with the best price guarantee in under one minute and the ability to close the transaction three times faster than the traditional process."

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