Huspy: Revolutionizing Home Buying in the UAE and Spain
In a world where applying for a mortgage in Dubai meant drowning in paperwork and facing price discrepancies, Jad Antoun saw an opportunity to change the game. This led to the birth of Huspy, a proptech startup that is reshaping how people in the UAE and Spain purchase homes through digital means.
Since its inception five years ago, Huspy has rapidly grown to become one of the leading proptech companies in the UAE. Its expansion into Spain has further solidified its position in the market, providing digital solutions for home search and mortgage acquisition.
Recent Funding and Expansion
Huspy recently secured a $59 million Series B funding round to fuel its operations in the Middle East and enhance its presence in Europe. The funding was led by Balderton Capital, one of its existing investors. This comes on the heels of a successful Series A round in 2022, where the company raised over $40 million from a lineup of prominent global investors.
With this new capital injection, Huspy is gearing up to grow its footprint in the UAE and Spain while also venturing into the Saudi Arabian market. Jad Antoun, the founder, and CEO of Huspy, emphasized the importance of this investment in propelling the company’s growth strategy.
Driving Innovation in a Challenging Sector
Proptech has faced challenges in recent years, with many companies struggling to maintain valuations and profitability. However, Huspy has distinguished itself by developing an efficient playbook for city launches and leveraging AI tools to enhance the overall real estate industry.
Rana Yared, a general partner at Balderton Capital, commended Huspy for its innovative approach and highlighted the company’s ability to set new standards in the market.
Disrupting the Traditional Real Estate Model
Unlike traditional real estate models, Huspy operates on a network-based structure in the UAE and Spain. The platform connects freelance agents with property leads from top marketplaces while offering CRM tools, transaction support, and integrated mortgage solutions through banking partners.
This unique approach has enabled Huspy to quickly establish a strong presence in the market, with impressive growth metrics in both the UAE and Spain. The company’s focus on high transaction volume cities and strategic partnerships has set it apart from competitors.
Future Expansion and Growth
Looking ahead, Huspy plans to expand its operations to major cities across Europe and the Middle East, capitalizing on the growing proptech trend in the region. With a strong track record of success and a clear growth strategy, the company aims to be a dominant player in the real estate market by the end of 2025.
Through its innovative approach, Huspy has helped thousands of individuals achieve their dream of homeownership while driving significant revenue growth. With a focus on customer satisfaction and market expansion, the future looks bright for this trailblazing proptech company.