Dubai - Sharikat Mubasher: Keyper, the leading proptech company based in UAE, secured total investments of $34 million to fuel its plans to transform the real estate sector in UAE, increasing its raised cumulative capital to over $40 million.

In a statement, the company announced the successful closure of a $4 million pre-Series A round led by Beco Capital and Middle East Venture Partners (MEVP), with participation from new and existing investors.

Keyper also concluded a term sheet agreement for an additional $30 million in Shariah-compliant Sukuk financing from Franklin Templeton Investments, the global asset manager.

Keyper will dedicate the new investments to digitizing the rental experience in the UAE and upgrading its groundbreaking rent now pay later (RNPL) solution.

Omar Abu Innab, Co-founder and CEO of Keyper, affirmed that Keyper transforms the real estate sector in UAE by offering a convenient property ownership experience for landlords while providing tenants with a fully digital experience to pay their rent monthly and manage their tenancy.

For his part, Dany Farha, Co-founder and CEO of Beco Capital, said: “We are very excited to back a strong team, with diverse and deep domain expertise at the intersection of real estate and finance, innovating in the proptech sector on the global stage, and working very hard to find ways to offer a transformational value proposition to its customers in an efficient and profitable manner.”

Keyper is committed to disrupting the rental process and making a significant impact on both landlords and tenants, solidifying its position as an innovation leader in the real estate sector.