Keyper, the UAE-based proptech company aiming to modernize the property rental market, has raised $11 million in a Series A funding round. The investment was led by EMEA venture capital firm Speedinvest and saw participation from Mashreq’s NeoVentures, Middle East Venture Partners (MEVP), Dubai Future District Fund (DFDF), and Property Finder, among others.
Quick Facts
- Funding Amount: US$11 million Series A round.
- Lead Investor: Speedinvest.
- Core Mission: Convert annual rent into monthly digital payments.
Tackling the Annual Rent Burden
Keyper was founded to address a major friction point in the UAE’s rental market: the standard practice of paying a full year’s rent with a few post-dated cheques. The company’s platform allows tenants to switch to manageable monthly digital payments, while ensuring landlords receive their rental income upfront.
This model directly targets a massive, largely undigitized market. “Last year, Dubai alone registered over AED100 billion in tenancy contracts, yet most of that rent is still paid the way it was a generation ago,” noted Khalid S. Alghamdi, CEO of ANB Capital. “It is one of the largest pools of recurring payments in the GCC, and almost none of it has been digitised.”
Since its launch, Keyper has financed over US$44 million in rent value and now supports more than 10,500 properties valued at over US$6 billion.
Building the Rails for Real Estate
Beyond simply facilitating payments, Keyper is building a comprehensive operating system for residential real estate. The platform integrates rent payments, property management technology, and embedded financial services, creating a single hub for tenants, landlords, and property managers.
Investors see this as more than just a consumer app. “This is not a rent app. It is the infrastructure layer for residential real estate, and whoever owns those rails will sit at the centre of how an entire market pays, borrows and invests against its homes,” Alghamdi added.
This vision is supported by strategic partnerships with the Dubai Land Department (DLD), Abu Dhabi Advanced Real Estate Services (ADRES), Property Finder, Visa, and Mashreq.
Investor Confidence and Strategic Backing
The funding round attracted a strong syndicate of regional and international investors who believe in the team’s ability to execute.
“At Speedinvest, what attracted us the most was not the size of the opportunity but the team’s ability to execute against it,” said Rana Abdel Latif, Partner at Speedinvest. “Omar and Walid are reimagining the rental experience by addressing one of the region’s largest pain points: the disconnect between how tenants earn and how rent is paid.”
The investment also aligns with broader economic goals. Nader AlBastaki, Managing Director of Dubai Future District Fund, explained, “By making rent payments more flexible and accessible, Keyper is directly contributing to D33’s ambition of making Dubai one of the most attractive cities for global talent to live in.”
Fueling Expansion Across the UAE
The new capital will be used to scale its monthly rent payment platform, targeting individual and institutional landlords with large residential portfolios. The company also plans to introduce new financing and liquidity solutions for property owners and strengthen its ecosystem of real estate services.
“We are proud to have attracted a top-tier group of investors and strategic partners that have endorsed Keyper’s ongoing mission to transform the UAE’s property sector, and enable a fully digital journey for owners and renters alike,” said Omar Abu Innab, Co-Founder and CEO of Keyper.
About Keyper
Keyper is a UAE-based proptech company redefining residential real estate through a digital operating system that combines property management and rent facilitation within a single platform. Its Rent Now, Pay Monthly solution enables tenants to pay rent in monthly installments while providing landlords with upfront rental income and enhanced portfolio management capabilities. Through strategic partnerships across the real estate, financial services and government sectors, Keyper is helping drive the digital transformation of the UAE’s residential property market.
Source: Zawya
