Founded to simplify the mortgage process in the UAE, Huspy has grown into one of the region’s largest proptech companies. Frustrated by lengthy paperwork and pricing inconsistencies in 2020, founder Jad Antoun developed a digital platform that streamlines home buying and mortgage approvals.
In its latest $59 million Series B round led by Balderton Capital, Huspy plans to accelerate growth across the Middle East and expand further into Europe, particularly Spain, where it has seen rapid traction. The company previously raised over $40 million in Series A funding from top global investors including Founders Fund and Peak XV Partners.
Despite challenges in the global proptech sector, Huspy has built a repeatable, efficient model focused on city-by-city launches. Its network-based approach connects freelance real estate agents with property leads from marketplaces such as Property Finder and Idealista, providing CRM tools, transaction support, and integrated mortgage products—without owning inventory. This model resembles an “Uber for real estate” rather than traditional brokerages.
Huspy has captured roughly 30% of the UAE mortgage market and rapidly scaled into Spain, operating in six cities with over 20x year-on-year growth. It ranks among the top three real estate companies in Valencia by transaction volume. The startup has helped over 25,000 people buy homes and facilitated more than $7 billion in transactions, with revenues growing tenfold since 2022.
Co-founder Antoun highlighted their competitive advantage in mortgage products across both markets, driven by early entry and operational efficiency. Over the next four years, Huspy aims to launch in most major cities across Europe and the Middle East, targeting more than 10 cities by the end of 2025.
