UAE-based property technology startup Keyper has successfully raised $34 million to further develop its rent now, pay later (RNPL) solution aimed at digitizing the rental experience in the UAE. The pre-Series A funding round, amounting to $4 million, was spearheaded by Dubai-based BECO Capital and Middle East Venture Partners. Additionally, Keyper has secured a $30 million term sheet agreement with Franklin Templeton Investments (ME) Ltd for Shariah-compliant sukuk financing. The capital infusion will facilitate landlords to receive annual rents upfront while providing tenants with the flexibility to pay in monthly installments using various digital payment methods.
Proptech, Financial Services,United Arab Emirates, Middle East
https://www.zawya.com/en/wealth/alternative-investments/uae-based-rent-now-buy-later-startup-keyper-raises-34mln-gvop9z74