If you walked to a bank in Dubai to apply for a debt of 2020, the moments you spend in the months buried in the paperwork or dealing with a big difference in dealing with lists. Such experiences led by Jad Antpy, a start streamlin how people in UAE buy houses digitally.
Over the past five years, the company has grown to one of the largest prosa-prokects, and Spanish has expanded digital goods and taking the mortgages.
Huspy just shut down a $ 59 million series B to duplicate operations across the east and expand European presence, led by existing investor Baldertton Capital.
At 2022, Huspy grew up over $ 40 million in series a and an extension From a man of global investors, including capital of Balderton, Funders Fund, and Peak XV Partners (former Sequoia Capital India & Sea).
Other investors include exborder companions, turmeric capital, cotu capital, through efforts, directing to Dara, and colleagues. UAE and Spain’s new capital continued to advance and supported the launch of Saudi Arabia, Antoun told Techcrunch in an interview.
This investment is significant because the Proptech is a strong sector in the past few years. Companies such as Opendoroor and compass are struggling to maintain valuations and usefulness among higher interest in US interests. many Starts are also burned with money and struggling.
Huspy has “built a repeated and efficient playbook for city launches, and the enthusiasm of AI items for brokers and agents, which Rana is Balderton.
Antoun said he knows his first UAE market how to target the Points of Disease in the Loan Loan process. He beat the intercourse with leading banks and introduced digital pre-expervals on a platform that connects brokers and lenders.
Within three years, the company says it’s got 30% of the UAE debt market (25% in Dubai, one of the most active real estate markets). That traction, and exclusive bank relationships it is built as a result, becomes a springboard for expanding.
In 2022, it began to scale Spain, a broken real estate market with over 100,000 registered agents, according to antics.
Instead of owning inventory such as IBUAYERS models a traditional brokerage, Huspy runs a network-based model across the UAE and Spain. Freelance agents use the platform to access leads from markets such as Finder Finder and Supidal transaction products through banging companions.
This is a low-overhead method similar to Uber for real estate more than Zillow.
Ant, past the Dubai investment team based early-stage VC Becom Capital, and Deputy CEO Ziad Nassarleading Huspy’s Europe’s expansion, believe that the company has found a repeated rotational model of the tallest molders of the tailers of the tailers of the TopAsengers of TopAsengers moldy
Under one year, Huspy claims to be one of Valencia’s maximum of three real estate companies by the number of transactions. It has already acted in six cities across Spain, where it claims over 20x year-year growth.
“I think it’s hard for someone to compete with the credit product specific to both markets,” Antoun said. “We’re just longer, and Spain, have a better recovery.”
Antun said the beginning helped more than 25,000 people buy homes in markets and have job charges and banks with $ 7 billion transactions.
For the next four years, the company plans to launch most of the major cities across Europe and in the Middle East, a region now has a chance of fruit, Nagony, also extends an important round this year. Huspy plans to move over 10 cities at the end of 2025.
