Huspy acquires Home Matters

10x Industry

Mita Srinivasan
10x Industry
Published:

Huspy acquires Home Matters

Combined prop-tech entity will facilitate financing for GMV of US$ 1billion+ annually in UAE and Europe while driving growth across priority business areas

Huspy, the UAE headquartered prop-tech start-up, has acquired Home Matters to create the country’s largest home financing platform. Prior to its acquisition, Home Matters was the second largest home mortgage broker in the UAE, having launched operations over 15 years ago. The combined entity will manage over US$ 1 billion in gross merchandise value (GMV) annually and employ over 150 people, giving buyers a new way to finance their home.

Sawan Karia and Daniel Le Moeligou of Home Matters will join Huspy’s leadership team and will be based in the UAE. With a focus on transparency and customer service, Home Matters’ customers will also benefit from an omnichannel offering, with access to an advanced technology platform, in addition to a wide team of industry experts.

Following this acquisition Huspy will continue to focus on customer and partner network growth and technology development, in addition to widening its geographic presence beyond the UAE and across Europe.

Jad Antoun, Co-founder & CEO of Huspy added, “This acquisition further strengthens the leadership position of both entities, and with our partner network across the real estate and financial services industries, we remain the trusted choice for customers buying their dream home.”

Huspy and Home Matters will together provide customers with access to the largest network of home financiers and lenders in the UAE. The digital-first platform will evolve customer experiences and provide real-time advice to home buyers. Huspy’s platform will also equip partners with complete visibility of their customer pipeline, allowing them to manage their portfolio of cases efficiently.

According to a statement from the company, the home mortgage market in Dubai has grown by 68 percent between Q1 and Q3 2021, as a result of efforts across the ecosystem to simplify financing and accelerate market growth. Huspy’s technology product for customers and lenders will underpin the combined business, and reimagine the entire home financing journey. Huspy has simplified the mortgage process, giving customers access to a wide array of offers from multiple lenders, creating time and cost savings.