Proptech Startup Keyper Raises $11 Mn in Series A Round

The investors include NeoVentures, Middle East Venture Partners (MEVP), Dubai Future District Fund (DFDF), Property Finder, Arab National Bank, Ellington Properties, Dar Ventures, and Abbey Road Investment Group. The funding will support Keyper's growth and expansion.

Speaking on the investment, Rana Abdel Latif, Partner at Speedinvest, said, “At Speedinvest, what attracted us the most was not the size of the opportunity but the team’s ability to execute against it. Omar and Walid are reimagining the rental experience by addressing one of the region's largest pain points: the disconnect between how tenants earn and how rent is paid. Today, the Keyper platform brings together payments, financing, and property management, solving real problems for all sides of the market. We are excited to lead the Series A and support the company's next stage of growth.”

Amith Rajan, Executive VP, Head of Wholesale Digital Banking at Mashreq and CEO of NeoVentures, added: "At NeoVentures, Mashreq's corporate venture capital fund, we are proud to partner with visionary businesses that are reshaping financial services and accelerating the next wave of digital transformation across the banking ecosystem. That is why we are thrilled to co-lead Keyper's Series A investment round, as we see this as the start of a strategic partnership focused on creating long-term value for both organizations and the customers we serve. By combining Keyper's innovative solutions with Mashreq's scale and capabilities, we aim to modernize rental payments and unlock market liquidity, ultimately delivering seamless digital experiences and enhanced flexibility through transformative solutions for tenants and landlords across the UAE and beyond."

Echoing the company's long-term vision, Nader AlBastaki, Managing Director of Dubai Future District Fund, said, “By making rent payments more flexible and accessible, Keyper is directly contributing to D33's ambition of making Dubai one of the most attractive cities for global talent to live in, which in turn drives market access for the VC ecosystem."

Highlighting the broader market opportunity, Khalid S. Alghamdi, CEO of ANB Capital, said, "Last year, Dubai alone registered over AED100 billion in tenancy contracts, yet most of that rent is still paid the way it was a generation ago: an entire year settled through a handful of post-dated cheques. It is one of the largest pools of recurring payments in the GCC, and almost none of it has been digitised.

Founded in 2022 by Omar Abu Innab and Walid Al Saqqaf, Keyper has built a digital real estate platform that lets tenants pay their rent in monthly installments while landlords receive the full rent amount upfront. The platform also offers property management tools and financial services.

The company will use the new funding to expand its monthly rent payment platform, attract more institutional landlords, launch financing and liquidity solutions for property owners, and grow its digital real estate ecosystem.