UAE mortgage fintech Huspy takes in $59m ahead of Saudi entry

New funds will be used for fast-track expansion, including in Spain

Last updated: July 08, 2025 | 10:51

Manoj Nair, Business Editor

1 MIN READ

Huspy is primed for a major market push, which will see it get into Saudi Arabia this year.

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Dubai: The UAE mortgage fintech Huspy has tapped a further $59 million through a Series B funding, which sees European VC firm Balderton Capital making a return.

There was also participation for a third time from Peak XV (formerly Sequoia Capital India & Southeast Asia), as well as ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners.

Huspy will be adding a new market - Saudi Arabia - this year. To support its expansion, the company is hiring for expansion and technology-specific roles.

“We are building a global business with the goal of being present in the majority of European and Middle Eastern cities," said Jad Antoun, co-founder and CEO of Huspy, on what the plans are for the new intake of funds.

"After 4 years of investing in our systems, we are now able to operate with a lot of agility allowing us to expand the business at a high growth rate for years to come.”

Apart from the UAE, the company also has operations in Spain.

The company has played a role in facilitating more than $7 billion in real estate transactions. In Spain, Huspy is operational in Madrid, Valencia, Alicante and Malaga, and will be launching in six additional cities by the end of this year.

Over the next four years, the company intends to launch operations across 'most major cities in Europe and the Middle East'.

Huspy’s mortgage unit is the largest in the UAE, processing over 25% of all residential home financing in Dubai.

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.