👉 Independent reporting on the MENA tech and startup ecosystem. Stories like this exist because subscribers fund them. Subscribe now.
Keyper, the Dubai-based proptech, has raised an $11 million Series A led by Speedinvest, with participation from NeoVentures, the corporate venture arm of Mashreq, alongside MEVP, Dubai Future District Fund, Property Finder, Arab National Bank, Ellington Properties, Dar Ventures and Abbey Road Investment Group.
Founded in 2022 by Omar Abu Innab and Walid Shihabi, Keyper lets tenants convert the UAE's traditional annual rent payment into monthly digital instalments while landlords receive their rental income upfront, wrapping rent payments, property management software and embedded financial services into a single platform. The company has partnership agreements with the Dubai Land Department, Abu Dhabi's ADRES, Property Finder, Visa and Mashreq.
The company says it has financed more than $44 million in rent since launch, including $19 million in 2026 year-to-date, and supports over 10,500 properties valued above $6 billion, serving 4,000 landlords with more than 100,000 app downloads.
The market it’s chasing remains overwhelmingly analogue. Dubai alone registered more than AED 100 billion in tenancy contracts last year, with most of that rent still settled through a handful of post-dated cheques, a pool Khalid Alghamdi, CEO of investor ANB Capital, called "one of the largest pools of recurring payments in the GCC" and one that has barely been digitised. Rana Abdel Latif, the Speedinvest partner who led the deal, said the platform addresses "the disconnect between how tenants earn and how rent is paid."
The Series A follows a $6.5 million seed in late 2023, a $4 million pre-Series A led by BECO Capital and MEVP in 2024, and a $30 million Shariah-compliant sukuk financing agreement with Franklin Templeton, arranged to fund the rent advances that sit at the heart of the model.
The new capital will expand the monthly rent platform, push adoption among institutional landlords and large residential portfolios, and add financing and liquidity products for property owners.
The raise caps a busy few weeks for the payments layer of the UAE's rental market, with Dubizzle Group investing in rental rewards startup Tern in June and following up this week with a stake in Takeem, the rent-guarantee platform that protects landlords against tenant defaults and enables monthly direct-debit payments.
👉 Independent reporting on the MENA tech and startup ecosystem. Stories like this exist because subscribers fund them. Subscribe now.
