If you go to Dubai Bank to apply for mortgages in 2020, the chances are that when you talk about listing, you spend a monthly process buried in the paperwork or face a lot of contradictions in prices. Such experiments forced Jade Anton to start hugging, a startup in which people from the United Arab Emirates buy home digitally.
Over the past five years, the company has increased to one of the largest propaganda in the United Arab Emirates, and Spain has expanded by providing digital tools to find home exploration and mortgages.
Hesze closed only Million 59 million series B to double the operations in the Middle East and extend his European presence, led by current investor Builder Capital and Peak XV.
In 2022, Hashis collects more than 40 million Million in Series A and One extension Who is one of the global investors, including Balderon Capital, Founder Fund, and Peak XV Partners (former Sequelia Capital India & C).
Other investors include ventures, Darius management, and KK partners, with Expert partners, turmeric Capital,. In an interview, Anton told Tech Crunch that the new capital would promote the continued development of Hashis in the United Arab Emirates and Spain and support its launch in Saudi Arabia.
This investment is important because in the last two years, the propactic has been a tough sector. Companies such as Open and Compass have struggled to maintain prices and profits during high US interest rates. Many startups have also been burned and struggling through cash.
“Hesze said,” Hesye has made a repetitive and effective playbook for the start of the city, and his innovation speeds – especially for brokers and agents, is raising the bar to the entire industry – said Rana Yard, general partner of Capital.
Anton said he learned through his first market in the United Arab Emirates how to target the country’s mortgage process. He contributed with the leading banks and introduced a digital pre -approved on the platform connecting brokers and lenders.
In three years, the company says it occupied 30 % of the United Arab Emirates’ mortgage market (25 % in Dubai, which one of the world’s most active properties). This traction, and as a result, he became a Spring Board for Expansion, a special banking relationship.
According to Anton, in 2022, he started scaling in Spain, a scattered real estate market with more than 100,000 registered agents.
Instead of owning an inventory such as iber models or acting as a traditional brokerage, Hussey runs a network -based model in the United Arab Emirates and Spain. Freelance agents are used to access property leads from markets such as property Finder and Idealasta, while HUSPY provides CRM tools, transaction support, and integrated mortgage products through its banking partners.
This is a low -overhead approach that meets Uber for real estate than Zilo.
Anton, earlier in Dubai’s initial -stage VC Becko Capital, and Deputy CEO Ziad Nasir, who guided European expansion of Hussey, believes that the company has found a repetitive model that will be difficult to copy: with high transactions in the market, with a low transaction.
Under the age of a year, Hashis claims that is one of the first three real estate companies in Valencia through the volume of transactions. It already works in six cities in Spain, where it claims that the annual growth is more than 20X.
“I think it would be difficult for someone to compete on mortgage products, especially in both markets,” said Anton. “We’ve been here for a long time, and in Spain, we have better performance.”
Anton says Startup has helped more than 25,000 people buy houses in its markets since 2022, and since 2022 they have increased by more than 10X. The platform, which earns revenue through commission and success fees, usually provides more than $ 7 billion in transactions, from real estate agents and banks.
In the next four years, the company plans to launch in most of the major cities in Europe and the Middle East, a region in which it is currently a propaganda moment, in which another major player, Navi, has also extended a significant period this year. Hashis plans to work in more than 10 cities by the end of 2025.