Keyper, a digital real estate technology company, has raised $11 million in Series A funding to accelerate the adoption of monthly rent payments and build digital infrastructure for the rental market across the United Arab Emirates. The financing included participation from Speedinvest, Mashreq NEO Ventures, Middle East Venture Partners, Dubai Future District Fund, Property Finder, Ellington Properties Development, anb capital and Dar Ventures.
Keyper plans to use the funding to expand its monthly rent payment offering and continue developing technology intended to modernize the experience of renting and managing residential properties.
The company is focused on building a digital infrastructure layer that connects the financial and operational processes involved in renting. Its platform is intended to make rental payments more flexible while helping participants in the real estate market manage transactions through technology.
Monthly payment capabilities can provide tenants with an alternative to making larger rent payments less frequently. For property owners and other real estate participants, technology supporting these arrangements must also address payment processing, reporting and the administration of rental income.
Keyper aims to provide the infrastructure needed to support these workflows at scale across the UAE.
The Series A funding will help the company invest in its platform, expand its operations and reach more tenants, property owners and real estate partners.
Keyper’s investor group combines international venture capital firms, regional financial institutions and companies with experience across property development and real estate technology.
Speedinvest is a European venture capital firm backing technology companies across multiple sectors and stages.
Mashreq NEO Ventures is the corporate venture capital arm associated with Mashreq and focuses on financial technology and other digital businesses.
Middle East Venture Partners invests in technology companies across the Middle East, North Africa and Pakistan.
Dubai Future District Fund supports technology companies and investment activity connected to Dubai’s innovation economy.
Property Finder operates a real estate technology platform serving property buyers, renters and industry professionals across the Middle East.
Ellington Properties Development brings experience from the UAE residential property market, while anb capital and Dar Ventures add financial and regional investment expertise to the syndicate.
The participation of investors from banking, property development, venture capital and real estate technology provides Keyper with strategic relationships that could support its expansion.
The company believes the rental market can benefit from more connected digital systems that improve how payments and property-related financial processes are managed.
Rather than treating rent collection as a standalone transaction, Keyper is building infrastructure designed to support a broader technology-enabled rental experience.
The new financing represents an important milestone as Keyper works to establish monthly rental payments more widely across the UAE and develop the underlying systems required to serve a growing number of users.
KEY QUOTE:
“We’re proud to announce that Keyper has raised $11 million in Series A funding to accelerate monthly rent payments and build the digital real estate infrastructure shaping the future of renting across the UAE. This milestone would not have been possible without the trust and support of our investors.”
Omar Abu Innab, Co-Founder and CEO of Keyper