UAE Proptech Huspy Acquires Mortgage Consultancy Firm HomeMatters
The acquisition is just one step of ambitious expansion plans, as Europe beckons for Huspy.
Huspy, a UAE-based online home financing broker, has acquired real estate mortgage consultancy firm Home Matters, after Huspy raised its SEED round backed by Venture Friends, Venture Souq, BYVP and others.
Before its acquisition, Home Matters was the UAE's second-largest home mortgage broker for nearly 15 years. Alongside Huspy, the combined entity is set to transform the home financing sector, allowing customers to access the largest network of mortgage providers and lenders in the country while managing over $1 billion in gross merchandise value.
“We are super thrilled to be part of a movement that will revolutionize the home financing customer experience," Sawsan Karia, Managing Director of Home Matters, says. " Huspy’s tech know-how and ambition combined with Home Matters’ experience, knowledge, and goodwill, form a perfect partnership to improve and serve the UAE mortgage market. In the coming weeks, we look to adopt best practices from both organizations to create an unmatched customer experience.”
Through its online platform, Huspy simplifies home financing for customers. Customers are able to start the home financing process in as little as 15 minutes, while having access to a wide berth of cost-saving offers from multiple lenders.
With their sights set on being the largest home financing platform in the Middle East, Huspy and Home Matters plan to expand beyond the nation and enter the market in Europe.
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