Money
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– Keyper, a rent now, pay later startup, has raised $4 million in pre-series A funding, led by Dubai-based BECO Capital and Middle East Venture Partners, and secured $30 million in Shariah-compliant sukuk financing from Franklin Templeton Investments (ME) Ltd.
– The funds will be invested in digitizing the rental experience in the UAE and scaling Keyper’s innovative Rent Now Pay Later (RNPL) solution.
– The sukuk proceeds will enable landlords to receive annual rents upfront while offering tenants the flexibility of paying rent in monthly installments via credit or debit cards and other digital payment methods.
Keyper, a rent now, pay later startup, has raised $4 million in pre-series A funding and secured $30 million in Shariah-compliant sukuk financing.
The UAE-based proptech company announced that the pre-series A funding round was led by Dubai-based BECO Capital and Middle East Venture Partners.
Additionally, Keyper has signed a term sheet agreement for the sukuk financing with global asset manager Franklin Templeton Investments (ME) Ltd.
The newly acquired funds will be used to digitize the rental experience in the UAE and expand Keyper’s innovative Rent Now Pay Later (RNPL) solution.
The sukuk proceeds will allow landlords to receive annual rents upfront while giving tenants the flexibility to pay rent in monthly installments through credit or debit cards and other digital payment methods.
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