Dubai-Based Fintech Stake Raises $4M in Seed Funding
Stake will use the newly-raised funds to refine and enhance the platform’s goals in technology innovation, property sourcing, product development, and operational excellence.
UAE real estate fintech investment platform, Stake, has secured $4 million in a seed funding round led by Combined Growth Real Estate, Vivium Capital, Verve Ventures, Lama Holding, and various other individual regional and international investors.
Having only launched in December 2020, Stake has already disrupted the UAE’s real estate investment market. The company allows its users to browse pre-vetted selections of properties and invest from as little as AED 2,000 for advantageous real estate assets via a digital marketplace. This is enabled by Stake’s focus on prime locations that have a particularly high rental demand, which ultimately drives considerable capital appreciation for long-term fundamentals.
Following the funding round, co-founder Manar Mahmassani said: “When we launched Stake, we made clear our goal to democratise real estate investment and remedy the ills of Dubai’s property market, which prevented the young from participating and delivered unattractive returns for experienced investors.”
He continued, “our shareholders believe in our vision for a world where real estate is a completely liquid and fully accessible investment asset class, available to everyone looking to preserve and grow their wealth. With this fund raise, we can accelerate our journey to radically improve the real estate investment market and bring this tangible asset into the new digital age.”
Stake aims to use the new funds to scale and enhance their platform by introducing new features, investing in sales and marketing, and to expand its small team of 15 people, ultimately realising the firm’s steadfast goals of technological innovation, property sourcing, product development, and operational excellence.
