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If you apply to a Dubai Bank to apply for a mortgage in 2020, you are faced with a large price inconsistency when you are buried in documents or arrive in lists. Such experiments are beginning at the beginning of the beginning of the UAE at a start to start at a start.
Over the past five years, the company has become one of the largest propt technologies in the UAE and has expanded to Spain by presenting digital means to find houses and receive mortgage loans.
Huppy closed the $ 59 million series to expand the European existence of European existence in the Middle East and the existing investor Baldon Capital and the peak leadership of the XV.
HAPY grew up in 2022 More than $ 40 million in a series and an extension Balderton capital, including global investors, the founders Foundation and XV partners (previously Sequoia Capital India and the sea).
Other investors include Exor Enterprises, Damaged Capital, Enterprises, Dara Management and KE partners. The new capital will continue to grow continuous in the UAE and Spain, and support the launch of Saudi Arabia, Anoin Intoon informed Techcrunch in an interview.
This investment is important because PropTech is a tough sector in the last few years. Companies such as Opendoor and Compass, the United States struggled to maintain higher assessments and profitability. Too The beginnings were cash and struggled.
Hunpy continues to raise a rod for all industries around AI tools, especially in the pace of use and their innovative pace, especially brokers and agents, “he said, Balderton capital
An South learned how to target a country in the mortgage process in a country’s first market. Partnership with leading banks and brokers and borrowers were previously approved in a digital pre-approved in a platform platform.
For three years, the company said 30% of the UAE mortgage market (25% in Dubai, one of the most active real estate markets in the world. This tract and eventually built an exclusive bank relationship, a springboard for expanding.
In 2022, according to ANOUNA, Spain, which has a divided real estate market, which has more than 100,000 registered agents, began translation into Spain.
Instead of having an inventory like iBuyer models or operate as a traditional broker, manages a network-based model along Happy, UAE and Spain. Freelance agents provide integrated mortgage products through market locations, Huspy’s CRM tools, operating support and bank partners, such as the idealist.
A low-surface approach that resembles Uber for real estate with more than Zillow.
In advance, in Dubai, the investment team in Early phased VC Beco Capital and Huspy’s Deputy Government Ziad Nassar, the company’s numerous operations and low agent’s efficiency are equipped with a layer in the distribution of high platforms and mortgages.
In a year, Hupy claims to be one of the best three real estate companies with the transaction volume in Valencia. There are already six cities in Spain, which requires more than 20,000 cities in Spain in six cities.
“I think that someone’s mortgage product will be difficult to compete in both markets specifically,” he said. “We are only longer here and we have more efficiency in Spain.”
An South said that more than 25,000 people have helped home in the markets and helped to get more than 10x income since 2022.
For the next four years, the company plans to start in most large cities of Europe and the Middle East, along with another great player, with another great player of this year. By the end of 2025, he plans to operate in more than 10 cities.
