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Huspy Secures $59 Million in Series B Funding to Drive Regional and European Expansion
Dubai-based mortgage fintech Huspy has raised $59 million in a Series B funding round, marking a significant step in its plan to expand across the Middle East and Europe. The funding, announced alongside new market ambitions, reinforces the company’s push to become a dominant player in residential real estate financing beyond the UAE.
The round saw renewed backing from Balderton Capital, alongside a third-time investment from Peak XV Partners (formerly Sequoia Capital India & Southeast Asia). Other contributors included ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners.
While financial details were not disclosed beyond the total raise, the combination of repeat investors and regional interest points to strong confidence in Huspy’s long-term model and operational momentum.
Saudi Arabia Marks Next Step in Growth
With its latest funding secured, Huspy has confirmed that Saudi Arabia will be its next active market. The company is recruiting across multiple roles, with a focus on technology and regional expansion, as it prepares to launch its platform in the Kingdom.
The move reflects both demand for digitised mortgage solutions in the Gulf and Huspy’s broader goal to expand its footprint across key urban centres.
Huspy’s expansion plan builds on an infrastructure-first strategy, developed over four years of internal system investment. With that groundwork in place, the company now claims the agility needed to scale quickly and support high-growth operations across diverse markets.
Over $7 Billion in Transactions to Date
Since launching in the UAE, Huspy has played a role in facilitating more than $7 billion in real estate transactions. Its mortgage unit currently processes over 25% of all residential financing in Dubai — making it the largest mortgage platform in the country by volume.
In addition to the UAE, Huspy is active in Spain, where it currently operates in Madrid, Valencia, Alicante, and Malaga. The firm has announced plans to enter six more Spanish cities by the end of the year, strengthening its presence in one of Europe’s most active real estate markets.
The company’s cross-market strategy is centred on digitalising the home-buying experience — a traditionally complex process that remains highly fragmented across many regions. By streamlining how mortgages are applied for and managed, Huspy is positioning itself as both a marketplace and a financial services provider within the real estate value chain.
Backing Reflects Continued Confidence in Fintech for Property
Huspy’s raise is notable not just for its size, but for the profile of returning investors. Balderton Capital, a prominent European venture firm, and Peak XV, a key backer in Asia and the Middle East, both reaffirmed their support. This continued participation signals a belief in the company’s ability to scale across diverse regulatory and economic environments.
The real estate fintech space has attracted growing attention globally, but adoption in the Middle East has been slower due to legacy processes and regulatory fragmentation. Huspy’s traction in the UAE — particularly its ability to gain a quarter of Dubai’s residential mortgage market — has made it one of the region’s most closely watched fintechs.
As governments across the Gulf focus on increasing homeownership and diversifying financial ecosystems, platforms like Huspy are well-positioned to meet rising demand for transparent, digital-first mortgage options.
A Fintech Approach to Real Estate Financing
What sets Huspy apart is its commitment to creating end-to-end efficiency in a sector traditionally resistant to digitisation. From broker and lender coordination to customer onboarding, the platform integrates multiple touchpoints to reduce time, cost, and complexity for homebuyers.
This model is gaining traction as both consumers and institutions look for ways to simplify the financing process. While many fintech firms have focused on payments or lending, Huspy’s specialisation in mortgages gives it a distinct position in a segment that’s capital-intensive but under-digitised.
The new funding allows the firm to double down on both technology and expansion, reinforcing its platform capabilities while entering new, strategically important markets.
Building Toward a Regional Fintech Leader
With its strong base in Dubai, a growing presence in Spain, and upcoming entry into Saudi Arabia, Huspy is moving closer to its vision of becoming a pan-regional fintech company. The aim is not only to provide access to mortgages but to reshape how real estate transactions are experienced — from discovery to financing.
The company’s long-term strategy involves scaling in major cities where traditional mortgage processes remain opaque and time-consuming. By offering a digital alternative backed by local expertise and regulatory alignment, Huspy is aiming to set a new standard for mortgage fintech in both mature and emerging markets.
As the firm accelerates its roadmap, the $59 million Series B will serve as both fuel and signal — a confirmation that fintech in real estate is no longer experimental, but foundational to the future of property transactions in the region.