Keyper, a Dubai-based proptech startup modernising how UAE residents pay rent, has closed an $11 million Series A round led by European venture firm Speedinvest. The round drew participation from NeoVentures (Mashreq's corporate venture arm), Middle East Venture Partners, Dubai Future District Fund, Property Finder, Arab National Bank, Ellington Properties, Dar Ventures, and Abbey Road Investment Group, building on a previously announced $30 million Sukuk financing facility with Franklin Templeton.
Keyper plans to use the new funding to expand its monthly rent payments platform, deepen adoption among institutional landlords managing large portfolios, and launch new financing and liquidity products for property owners. Speedinvest partner Rana Abdel Latif said that the firm was drawn less to the size of the opportunity than to the founders' ability to execute against it, pointing to the platform's blend of payments, financing, and property management as a solution addressing real friction on both sides of the rental market.
Founded in 2022 by Omar Abu Innab and Walid Al Saqqaf, Keyper targets a rental system that has barely changed in the UAE for decades: tenants typically settle an entire year's rent using one to four post-dated cheques, a payment method most global markets moved away from long ago. Keyper's platform flips that structure, paying landlords their rent upfront while letting tenants spread payments into manageable monthly instalments.
The company absorbs the timing gap between the two, layering property management tools and embedded financial services on top of the core payment product rather than positioning itself as a simple rent app.
Since launch, Keyper says it has financed more than $44 million in rental value, including $19 million in the first half of 2026 alone, a pace suggesting the business is scaling quickly. The platform currently supports over 10,500 properties valued at over $6 billion, serves 4,000 landlords, and has passed 100,000 app downloads. Keyper has also built strategic partnerships with the Dubai Land Department, Abu Dhabi Advanced Real Estate Services, Property Finder, Visa, and Mashreq to push adoption of its "Rent Now, Pay Monthly" model across the market.
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ANB Capital CEO Khalid S. Alghamdi noted that Dubai alone registered over AED 100 billion in tenancy contracts last year, yet most of that rent still moves through decades-old payment methods, framing Keyper less as a rent app and more as infrastructure for how an entire market pays, borrows, and invests against residential property.
With backing spanning banking, venture capital, and real estate distribution, Keyper is positioning itself as a core layer of the UAE's residential property ecosystem rather than just another fintech tool sitting on top of it.