Dubai-based Proptech Keyper Raises $6.5 mn in Seed Funding
The cash infusion will help the company expand into Saudi Arabia and integrate AI into its tenant-vetting process.
Dubai’s property tech (proptech) startup Keyper has raised $6.5 mn seed funding in an investment round led by UAE early stage VC Access Bridge Ventures and Vivium Holding, Middle East Venture Partners and Jabbar Internet Group, the company said in a press release.
Keyper will use some of the funding to expand into Saudi Arabia next year, the company’s co-founder and chief strategy officer Walid Shihabi told The National, noting that Keyper wants to provide the region with the same level of digitization as can be found in global cities like London and New York. This includes providing services like digitization of the rental payment lifecycle as well as reporting on investment and providing live transaction data in the UAE.
The company is also looking to expand its operations to global real estate investment in London, Istanbul and New York, as well as to integrate AI into its tenant-vetting process.
In July, Keyper launched its Rent Now Pay Later (RNPL) service in Dubai.