Huspy, a proptech startup based in Dubai, has acquired Home Matters to create a digital home financing platform. Home Matters, which launched in 2006, was the “second-largest home mortgage broker in the UAE” before the deal, the size of which has not been disclosed.
As a combined entity, it will oversee a $1 billion property portfolio and have 150 employees. Promoters expect potential homeowners to get the financing process started in 15 minutes with access to multiple lenders, “creating time and cost savings.”.
“Home Matters’ decade-long experience will benefit Huspy (which launched in 2020), creating incredible opportunities and impact for us both,” said Jad Antoun, co-founder and CEO of Huspy. Sawan Karia and Daniel Le Moeligou of Home Matters will join Huspy’s leadership team.
Huspy raised one of the largest seed rounds in the region last year. COTU Ventures, Venture Friends, Venture Souq, Breyer Capital, B&Y, and a number of family offices are among Husby’s investors.
With the launch of the new ‘digital-first platform,’ homebuyers can receive real-time advice as they search for a home in the UAE. In addition, Husby’s platform provides partners with ‘complete visibility’ of their customer pipeline, enabling them to manage their portfolio of cases.
“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,” said Sawan Karia, Managing Director of Home Matters. “In the coming weeks, we look to adopt best practices from both organizations to create an unmatched customer experience.”