Huspy, UAE’s home finance solutions startup, raises $37m in a Series A round. This round was led by Sequoia Capital India and witnessed participation from several investors including Fifth Wall and Founders Fund who made their debut in the Middle East’s market.
Huspy provides financial facilities to individuals looking to purchase homes, facilitating the purchase process as the clients won’t have to directly talk to the bank.
“Our aspiration is to continue building Huspy into a category-defining company and set a new bar for the way people buy and finance their houses,” said Jad Antoun, co-founder and CEO.
The startup plans to use the funds to expand across Europe, beyond its current existence in the Spanish market, as well as develop its technology.
Read more: Wema Health, UAE’s healthtech startup, raised $3.5m in a seed funding
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