Keyper, a leading UAE Prop-Tech business, raises $4 million in equity pre-series A. Best regional venture capital firms BECO Capital and Middle East Venture Partners led this round, with existing investors Vivium Holding, Jabbar Group, Signature Developers, Annex Investments, Pin Investment, and Al Qahtani Investment, and strategic angels, participating.
After signing a term sheet agreement for $30 million in Shariah-compliant Sukuk financing from Franklin Templeton Investments Ltd., the company has raised over $40 million. Keyper will use the new capital to digitise UAE rentals and scale its Rent Now, Pay Later offering.
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Sukuk earnings will allow landlords to obtain annual rents upfront and let renters to pay rent monthly using credit/debit cards and other digital payment options.
Omar Abu Innab, Co-Founder and CEO of Keyper, expressed, “Keyper is transforming what it means to interact with real estate in the UAE. For Landlords, we offer a convenient property ownership experience, thanks to our property management application and innovative financial services, such as giving Landlords the ability to access their entire portfolio rental income at any point during the lease. For Tenants, they can have a fully digital experience to pay their rent monthly and manage their tenancy, eradicating the need for upfront payments via outdated bank checks.”
In 2024, Keyper onboarded more than 3,000 residential units worth $2 billion, processed over $10 million in annual rent payments, and deployed over $1 million in annual rent facilitation through its RNPL solution.
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It has introduced unique features like “similar transactions” to improve property ownership and rental experiences, such as tracking market sales and rental transactions relevant to a landlord’s portfolio.
Keyper’s dedication to revolutionising the renting process benefits landlords and tenants, solidifying its position as a real estate innovation leader.
About Keyper
Keyper, a digital real estate investment management platform, curates a real estate stakeholder ecosystem to give investors the greatest experience.
