Dubai-based digital mortgage platform Holo has raised an undisclosed amount in a pre-Series A funding round from Dubai Future District Fund (DFDF) and Hambro Perks Oryx Fund. This oversubscribed round follows a seven-figure seed round in early 2023, led by Saudi’s Watheeq Proptech Venture and Hambro Perks Oryx Fund.
Founded in 2020 by Michael Hunter and Arran Summerhill, who collectively have nearly 25 years of experience in the mortgage industry, Holo’s online platform allows individuals in the UAE to check mortgage eligibility, compare 500 products from 20 different lenders, and recommend the best deals based on user profiles and preferences. The platform assists users in completing the application online with the help of a case manager who guides them throughout the process. Holo manages the application process with banks, ensuring the loan is processed efficiently.
Holo offers its services free to users, earning revenue from banks for client referrals. Michael Hunter, co-founder and CEO of Holo, stated, “Our primary objective from the beginning has been to enable the ecosystem and build a robust platform for home buyers—a core value we have consistently upheld. With this injection of new funds, we have the opportunity to scale aggressively while staying true to our core values.”
Arran Summerhill, COO and co-founder of Holo, added, “As a tech-first company, we are doubling down on our multiple platforms – direct to customers, agent apps, and internal tools. These products have been built to allow for regional deployment. Our expansion plan remains focused on the MENA region, where we believe our products can have the greatest impact on the fast-growing property markets.”
The latest funds will be used to grow Holo’s presence in the UAE and expand across the GCC, starting with Saudi Arabia. The startup also plans to expand its team and product line.
Ali Qaiser, Partner at Hambro Perks Oryx Fund, expressed excitement about backing Holo, stating, “We are excited to back Holo as they continue to transform the proptech sector in the region. As the Middle East’s pioneer digital mortgage platform, we believe the company is very well placed to benefit from the rapid adoption of technology in acquiring real estate in the region.”
