Real Estate Fintech Platform Stake Secures $14M In Series A Funding

Dubai – Asdaf News:

Stake , the leading digital platform for real estate investment, today announced that they have raised $14 million in funding led by MEVP (Middle East Venture Partners), along with Aramco's Wa'ed Ventures, one of Saudi Arabia's largest VC's, Mubadala Investment Company (Abu Dhabi's Sovereign Investor), Al Jomaih Holding (one of Saudi Arabia's largest family conglomerates), and Republic, a leading US-based private investing platform.

Stake has been making headwinds in the Dubai real estate space over the past 3 years, amassing over 500,000 users, with its eyes now set on Saudi Arabia. Stake will be utilizing the funds raised to propel the business as they enter the Kingdom this year, becoming the first platform to offer individuals outside of the Kingdom the opportunity to invest into Saudi real estate opportunities. The Kingdom is a key market for both regional and international investors and presents vast growth opportunities for real estate fintech companies such as Stake.

The funds will also be allocated to expanding its fast-growing investor pool, bringing new investment opportunities on the platform and scaling a world-class team to build out its globally renowned, market leading product.

Since its launch in 2021, Stake has redefined the Dubai real estate market, allowing global investors to engage in fractional ownership with an entry point as low as AED 500. With over 200 properties worth AED 355M sold via its app and over 50% of their investors coming from outside of the UAE, the company is leading a wave of transformation within MENA's financial and real estate landscape. In May 2024, Stake surpassed 100,000 transactions on the platform.

Earlier this year, Stake was recognized as a Rising Star by the Deloitte Technology Fast 50 list across the Middle East. Further fuelling its growth and expansion, Stake also recently announced a strategic partnership with Republic, a US-based unicorn investment platform to offer investors in the US and UK unprecedented access to the booming real estate market in the UAE and Saudi Arabia. Stake is regulated by the Capital Markets Authority in Saudi Arabia.

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