TLDR:
- Keyper, a rent now, pay later startup, secures $34 million in a funding round.
- The funds will be used to digitize the rental experience in the UAE and expand Keyper’s RNPL solution.
Keyper, a rent now, pay later startup, has successfully raised $4 million in pre-series A funding and secured an additional $30 million in Shariah-compliant sukuk financing. The pre-series A funding round was led by Dubai-based BECO Capital and Middle East Venture Partners, while the sukuk financing was made possible through a term sheet agreement with Franklin Templeton Investments (ME) Ltd. These funds will be allocated towards digitizing the rental experience in the UAE and scaling Keyper’s innovative Rent Now Pay Later (RNPL) solution, which allows tenants to pay rent in monthly installments through various digital payment methods. This initiative aims to provide flexibility for both landlords and tenants in the rental market.
