UAE proptech Keyper raises $6.5 million Seed round
Summary
Founded by Omar Abu Innab and Walid Shihabi in 2022, Keyper offers a property management platform where tenants can track their expenses and charge online, and investors get real estate portfolios and access to data-driven insights. Back in May, the startup introduced its Rent Now Pay Later (RNPL) service, in a bid to alleviate the financial burden for Dubai residents. This seed funding significantly accelerates our growth trajectory, empowering us to deliver a seamless, transparent, and data-driven real estate experience for all stakeholders. Keyper has onboarded over 2,100 freehold residential units in Dubai, valued at over Dh4.5 billion, and over 800 landlords to its platform thus far.Co-Founder and Chief Strategy Officer, Walid Shihabi, added, "Keyper was born out of a vision to redefine the real estate sector in the region, by identifying, dissecting, and solving for major pain points in the journey of property investment and management. This product enables landlords to receive the full years rent in a single upfront payment, thereby providing instant access to cash and eliminating default risk.