Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Huspy raised $59M Series B to expand its digital mortgage and real estate platform in the Middle East and Europe. Operating a network model connecting agents to leads, Huspy has captured 30% of the UAE mortgage market and rapidly grown in Spain, facilitating $7B+ in transactions.
Huspy raised $59M to expand its digital home-buying and mortgage platform from the UAE and Spain into broader Europe and the Middle East. The network-based model connects agents with leads and integrates mortgage services, rapidly growing market share and transaction volume.
Nawy expanded into the Gulf proptech market by acquiring SmartCrowd, combining platforms to offer a pan-MENA real estate ecosystem tapping into growing fractional property investment trends.
Ajras, a Saudi proptech company, has raised US$1.5 million in a pre-Series A funding round led by Veda Holding. The funding will support the expansion of its “Rent Now, Pay Later” program for commercial and industrial properties. The startup had previously raised US$28 million in a seed round.
Bayut Egypt has launched a new marketing campaign to enhance the property search experience in Egypt, showcasing luxurious properties and design excellence. The platform has experienced significant growth, attracting 1.15 million monthly active users and increasing lead generation. Bayut’s advanced technology ensures a seamless and personalized real estate experience.