- Stake, a Dubai-based fintech startup, secured $14 million in Series A funding led by Middle East Venture Partners (MEVP), with notable participation from Mubadala Investment Company, Wa’ed Ventures, Al Jomaih Holding, and Republic, among others.
- The funding round aims to fuel Stake’s expansion efforts in the UAE and Saudi Arabia, with a focus on providing foreign investors access to the growing real estate market in Saudi Arabia.
- With a unique proposition of fractional ownership of global real estate, Stake has facilitated transactions for over 200 properties valued at AED 355 million, attracting over half of its investor base from outside the UAE, while maintaining a low entry threshold of 500 UAE dirhams.
Stake, a fintech startup based in Dubai, has successfully secured $14 million in Series A funding, spearheaded by Middle East Venture Partners (MEVP).
This round also saw the involvement of prominent investors such as Mubadala Investment Company from Abu Dhabi and Wa’ed Ventures, a subsidiary of Saudi Aramco, alongside others like Al Jomaih Holding from Saudi Arabia and Republic from the US. Specific financial terms of the deal remain undisclosed.
The startup, which specializes in digital real estate investment through its platform, aims to utilize this capital infusion to fuel its expansion efforts within the UAE and Saudi Arabia.
The primary objective is to grant foreign investors access to the burgeoning real estate market in Saudi Arabia. Since its establishment in 2021, Stake has been committed to diversifying its investor base and introducing novel investment avenues.
According to Manar Mahmassani, co-founder and co-CEO of Stake, the decision to target Saudi Arabia is underpinned by its projected growth of 6% in 2025, positioning it as one of the fastest-expanding G20 economies.
The company aspires to enable both local and international investors to partake in this promising growth trajectory at an early stage.
Stake’s unique proposition lies in offering fractional ownership of global real estate to investors, with a remarkably low entry threshold of 500 UAE dirhams.
Through its platform, Stake has facilitated transactions for over 200 properties valued at AED 355 million, with more than half of its investor base originating from outside the UAE.
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