TECHnicalBeep – Startups | Fundings | Technology | Innovation

FinTech Stake has secured $14 million in a Series A financing round, for its Dubai-based real estate investment platform.

MEVP (Middle East Venture Partners) led the investment. The round was also joined by Aramco’s Wa’ed Ventures, Mubadala Investment Company, Al Jomaih Holding, a leading Saudi conglomerate with interests in real estate, financial services, energy, automotive, and consumer goods, and Republic, a US-based investing platform that allows users to invest in startups, cryptocurrency, and real estate.

The investment brings Stake’s total disclosed financing to more than $26 million. It previously raised a $8 million pre-Series A round-headed by MEVP and BY Ventures in 2022.

Stake allows anybody from anywhere in the world to invest in income-generating properties in the UAE for as little as $136 (AED 500), making real estate investments easier and more accessible. The platform assists users in generating revenue in two ways: getting their part of monthly rental payments and capital appreciation when they sell a portion of the property or the full property.

The startup intends to use the funds to expand into Saudi Arabia and accelerate its growth in the United Arab Emirates. The business will also utilize the funds to grow its user base and investment opportunities on the site.

Dubai Real Estate:

Investors using the platform can sell their shares within the Stake’s community during exit periods every six months, as specified on the website, or wait until the property is fully sold.

Since its start in 2021, Stake’s platform has grown to over 500,000 members from 160 countries, allowing them to participate in the UAE’s burgeoning real estate sector. According to its website, it has handed out approximately $4 million in rental money to its customers to date.

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Stake is currently planning to launch its Saudi market platform, which would allow anyone from outside the nation to invest in Saudi real estate. The business claims to be the first digital marketplace to offer Saudi real estate options to overseas consumers wishing to buy fractions of local homes.

Rami Tabbara, Stake’s co-founder and co-CEO, commented on the funding, saying:

“We are grateful to have a top-tier group of investors backing this funding round and placing significant trust in Stake and the future we are building. Having them on board strengthens our commitment to increasing our product offerings and providing our investors with excellent investment possibilities. We believe in fully digitizing the real estate investment process. We have only begun to make real estate accessible, transparent, borderless, and liquid.”

Manar Mahmassani, Stake’s co-founder and co-CEO, stated:

“KSA will grow by 6% in 2025, making it one of the fastest-growing G20 economies in the world. We wish to give both domestic and international users the option to invest early and participate in the growth. This raise marks a significant moment in our journey, as we expand into this dynamic new market and partner with amazing new shareholders, including some of the strongest institutional and sovereign investors in the region, to advance our mission of empowering everyone to own and build wealth through real estate.”

Walid Mansour, co-founder and co-CEO of MEVP, said:

“What they have accomplished in the last three years is nothing short of incredible. Their real estate investment strategy is extremely innovative, and we are confident that their excellent staff, along with our strategic capital, will catapult them to further success in the region.”

Image Credit: Stake


Data professional, Writer and Thinker at TECHnicalBeep, aspiring to provide quality content with respect to "All things Startups" to our readers. It is important for the people that they are aware of how the world is changing and evolving daily, and how those ideas and innovations can potentially help grow the Ideasphere of the region.

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