Changing the game in real estate

This year saw the opening of the first European office of Huspy, a fast-growing home buying and financing company founded in Dubai in 2020. The company, which is from the technology sector in real estate (PropTech), aims to simplify the home buying process. It provides users with verified home search listings, the ability to organize online viewings and access to mortgage products, all in one place, with initial mortgage offers delivered within 30 seconds. Huspy handles the entire process, from the search with verified listings, the ability to control the visit, the ability to make an offer on the platform - we give you financing and close''transaction on behalf of the user,' explains co-founder and CEO Jed Antuon.

Startup created during the

pandemic

is initially funded by Antuon and co-founder Khalid Ashmaoui. Antuon's apartment was the company's first office and only a few employees worked there. Today, the company has 300 employees in Spain and the UAE, and Huspy's partner network includes more than 1,400 real estate agents and 250 real estate agencies in the UAE alone.

Since its inception, Huspy has also acquired mortgage brokerages Home Matters, Just Mortgage and Finance Lab, enabling it to create a home buying ecosystem that caters to the needs of its customers.

- You can have opinions on how to build a product, but ultimately users decide -''says Antwon. - 'We listen to a lot of the problems they face and we bet on our people to find the best solution they need.

Financing and the future of the company

In a Series A funding round in June 2022, Huspy raised €38.1 million from venture capitals including Sequoia Capital India and US-based Founders Fund and Fifth Wall. The funding will enable Huspy to expand its workforce, brand awareness, product portfolio and GMV - gross merchandise value. The company currently manages more than €2 billion annually.

With operations in a growing real estate market and having achieved more than 20% monthly sales growth over the past two years, Huspy's future seems so