The prop-tech company raised the capital in a mix of equity to maximise the rental experience in UAE.

One of the major Prop-Tech companies in the United Arab Emirates, Keyper has made an announcement on raising $4 million in funds during a pre-series A round in equity. The funding is lead by Leading venture capital firms, MEVP, the Middle East Venture Partners, and BECO Capital along with the participation of the existing investors including, Jabbar Group,  Vivium Holding, Signature Developers, and newly joined investors  Signature Developers, Al Qahtani Investment, Annex Investments, and other strategical angels.

A term sheet agreement was signed by the prop-tech company for additional capital in Shariah-compliant Sukuk worth $30 million financed by the global asset manager  Franklin Templeton Investments (ME) Ltd. and completed its growing capital secured to date with more than USD 40 million. Kyper is looking forward to investing the newly raised funds into the Rent Now, Pay Later (RNPL) solution to distinguish the experience of rental facilities across the UAE. The Sukuk procedure is all about enabling landlords to collect the yearly rent upfront and offering tenants a flexible option to pay the rent through monthly installments using credit or debit cards along with many other trouble-free online payment methods.

The Co-Founder and CEO of Keyper, Omar Abu Innab stated, “Keyper is transforming what it means to interact with real estate in the UAE. For Landlords, we offer a convenient property ownership experience, thanks to our property management application and innovative financial services, such as giving Landlords the ability to access their entire portfolio rental income at any point during the lease. For Tenants, they can have a fully digital experience to pay their rent monthly and manage their tenancy, eradicating the need for upfront payments via outdated bank checks.” 

Keyper established notable milestones in 2024, which include the onboarding of residential units of over 3,000 worth $2 billion, issuing more than $10 million for annual payments of rents, and placing more than  $1 million in a yearly rental facility through its Rent Now Pay Later (RNPL) products. As a part of Keyper’s initiative to accelerate the rental experiences along with property ownership, it has previously launched some remaking features including “similar transactions” which allow the property owners to maintain track of current market sales and rental transactions applicable to their portfolio.

Dany Farha, Co-Founder and CEO of BECO Capital explained, “We are very excited to back a strong team, with diverse and deep domain expertise at the intersection of real estate and finance, innovating in the prop-tech sector on the global stage, and working very hard to find ways to offer a transformational value proposition to its customers in an efficient and profitable manner, which aligns perfectly with our thesis on both prop-tech and embedded finance that has many of the most desirable attributes that we seek.”

The CIO of Global Sukuk and MENA Fixed Income at Franklin Templeton, Mohieddine Kronfol said that they are extremely pleased to get involved in an agreement to exclusively lead the innovative multi-tranche sukuk to fund Keyper’s RNPL service which will complement their global sukuk and private market scheme at one and the same time. He also added, the agreement would further underline the thrilling opportunities across the region identified by their privatized credit team.

While finalising the further moves, Kepler aims to wrap real estate schemes with its cutting-edge rental and financial solutions to offer a flexible and seamless digital service for processing rents and payments. The company is also looking forward to expanding its services across Abu Dhabi. Keyper is also reinforcing the data collaboration with real estate regulators and entities and pushing forward the partnerships in fintech, tenant screening, and payments.

The commitments assured by Keyper are to suspend the traditional rental process that continuously leaves significant results on both the tenants a well as the property owners by reinforcing its own position in the form of an innovative leader within the particular sector of real estate.

Founded back in 2022 by Omar Abu Innab and Walid Shihabi, Keyper is a prop-tech management company that offers a platform using which tenants can keep track of their expenses and charges online, and at the same time, investors will get real estate portfolios and gain access to complete data-driven insights. Tracing back to October 2023, Keyper has raised an amount of $6 million in seed funding round.