Real Estate FinTech Stake Secures $14m Investment for Saudi Expansion

Real Estate FinTech Stake secures a $14m investment to fuel its expansion into the lucrative Saudi real estate market. Stay updated on the latest developments in the FinTech industry.

Stake, a prominent digital platform for real estate investment, has recently secured $14 million in a successful funding round. The investment was spearheaded by Middle East Venture Partners (MEVP), with contributions from Aramco’s Wa’ed Ventures, Mubadala Investment Company, Al Jomaih Holding, and the US-based private investing platform Republic. Over the past three years, Stake has made significant strides in the Dubai real estate market, attracting a user base of over 500,000 individuals.

The platform's primary objective with the new funding is to expand its operations into Saudi Arabia, making it the first platform to offer individuals outside the Kingdom the opportunity to invest in Saudi real estate market. The Saudi market holds immense growth potential for Stake, appealing to both regional and international investors. The funds raised will also be utilized to broaden Stake’s investor base, introduce new investment opportunities on the platform, and build a top-tier team to enhance its market-leading product.

Stake's innovative approach allows global investors to engage in fractional ownership, with a minimum entry point as low as AED 500, revolutionizing real estate investment in the region. Since its establishment in 2021, Stake has revolutionized the Dubai real estate market, enabling global investors to participate in fractional ownership of properties. The platform has facilitated the sale of over 200 properties valued at AED 355 million and has processed more than 100,000 transactions as of May 2024. Earlier this year, Stake was honored as a Rising Star by the Deloitte Technology Fast 50 list for the Middle East and announced a strategic partnership with Republic to grant US and UK investors access to the real estate markets in the UAE and Saudi Arabia.

Stake's recent funding round and expansion plans into Saudi Arabia signify a significant milestone for the platform, positioning it as a key player in the real estate investment landscape in the region.