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Huspy Raises $37 Million To Accelerate Expansion Across EMEA

The company wants to use the funds to invest in technology development, expand into new markets across Europe, and boost growth in regions where it already operates.

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huspy raises $37 million to accelerate expansion across emea
Huspy

PropTech startup Huspy has just raised $37 million in a Series A funding led by Sequoia Capital India.

Also participating in the round of venture capital financing were California-headquartered venture capital firms Founders Fund, Fifth Wall, and Chimera Capital, which joined returning investors Breyer Capital, BY Venture Partners, COTU, VentureFriends, and Venture Souq.

The company wants to use the funds to invest in technology development, expand into new markets across Europe, and boost growth in regions where it already operates.

huspy team group picture

“In just under two years, Huspy has grown to become one of the largest property platforms, facilitating billions of dollars in volume. Today, we’re humbled to partner with global and regional investors, and we look forward to working together to reshape the world’s largest asset class,” said Jad Antoun, co-founder & CEO of Huspy.

Launched in 2020, Huspy strives to streamline the home buying experience by creating a modern platform connecting home buyers with leading property agents and trusted financial institutions.

It took Huspy just one year of operations to become the leading mortgage provider in the United Arab Emirates, with an annual run rate of more than 1 billion USD.

Also Read: UAE To Punish Crypto Scammers With Fines & Jail Time

The startup has successfully recruited talent from some of the world’s top tech companies, including Compass, Gympass, Loft, Loggi, Microsoft, Quinto Andar, SumUp, and Uber. It also employs a team of brokers with over 20 years of experience working for banks like Emirates NBD, RAKBANK, ADIB, and DIB.

“In a short span of time, the company has demonstrated its strong value proposition for the real estate ecosystem and has become the market leader in mortgage broking in the UAE with healthy unit economics,” commented GV Ravishankar, MD, Sequoia India.

The PropTech market is expected to grow at a CAGR of 16.8% between 2022-2032 as startups and incumbent real estate companies use modern technology to make the home buying experience less stressful.

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Syria Just Got Its First Super App Featuring Built-In Digital Payments

Built by UAE-based Syrian founders with the Ministry of Tourism’s backing, My Syria lands as visitor numbers more than double.

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syria just got its first super app featuring built-in digital payments

For most of the past decade, paying for anything in Syria with an international card was effectively impossible. Sanctions, a collapsed banking sector, and years of isolation left the country running on cash. That is what makes the launch of My Syria — the country’s first super app — more than a routine product announcement.

Developed by 121 Living, a company founded by four UAE-based Syrian entrepreneurs — Rami Kaiem, Feras Kaiem, Waseem Qudmani, and Kinan Madi — the app launched in Damascus on July 30 under the patronage of Minister of Tourism Mazen Al-Salhani. It bundles hotels, restaurants, transport, attractions, food delivery, and other lifestyle services into a single platform, currently offering eight services with plans to expand to more than 40 verified tourism and hospitality providers across the country.

Although the app already sounds enticing, the headline feature is its built-in payments. My Syria is the first platform in Syria to support cross-border digital payments through Apple Pay, Google Pay, Visa, Mastercard, and American Express — familiar tools for international visitors, and a route into the digital economy for local businesses that have long operated outside it.

my syria super app launch event

The launch rides on a sharp rebound for the troubled country. Syria’s tourism sector recorded 3.52 million visitor arrivals in the first half of 2026, a 111 percent increase over the 1.67 million during the same period in 2025 — a mix of returning expatriates, regional visitors, and international tourists.

Also Read: This UAE Platform Wants To Replace Fashion Photo Shoots With AI

The Ministry of Tourism, which supported and supervised the app’s development, frames the launch as proof of concept for a wider strategy. “Digital transformation is one of the Ministry’s strategic priorities because it enables us to build a more competitive, connected and investment-ready tourism sector,” Al-Salhani said, inviting technology companies “globally, regionally and locally” to explore opportunities across the wider economy.

For 121 Living, this is phase one, with additional services and expanded geographic coverage planned. Whether a super app can flourish in a market still rebuilding its infrastructure is an open question, but for the first time in years, a visitor to Damascus can pay for dinner with their phone.

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