UAE-based PropTech startup Huspy acquires 2 mortgage brokerages

By Arya M Nair, Official Reporter
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Huspy, a UAE PropTech startup aiming to redefine the home buying experience in the region, has acquired two mortgage brokerages, Just Mortgages and Finance Lab.

The two deals follow Huspy’s acquisition of Home Matters in January this year, a move that put the company in a leading position in the mortgage sector in UAE.

Uniting players within Huspy helps to enhance the processes of getting a mortgage with technology, as well as provide home buyers with market-leading financing offers. All of this brings the company closer to its ultimate goal of improving the home buying ecosystem in the region.

Ankit Shah
Ankit Shah
Head – M&A
Mortgages UAE

“I am excited to welcome Just Mortgages and Finance Lab to the Huspy family. Within the last 18 months of our cooperation, they not only proved to be knowledgeable business partners, but also reliable people with a great mindset and cultural fit for Huspy’s values. The addition of these two businesses will create further benefits for home buyers in the UAE and build on the experience that Huspy is recognized for. We look forward to partnering with more like-minded market players in the future.”

Huspy’s home financing applicants have access to market-leading mortgage rates, exclusive offers, and other benefits. With Huspy’s scale and volume of financing, customers and partners also have access to exclusive mortgage rates that are unavailable elsewhere on the market. Over 90 percent of Huspy’s mortgage customers secure financing approval, a new benchmark for the industry.

In June 2022, Huspy raised one of the largest Series A rounds in the MENA region at $37 million. The company’s investors include Sequoia Capital India, Founders Fund, Fifth Wall, Chimera Capital, Breyer Capital, VentureFriends, COTU, Venture Souq and BY Venture Partners.

Related: UAE-based PropTech startup Huspy raises $37mn to fuel EMEA expansion