Jad Antoun and Khalid Ashmawy | Gulf Business

Jad Antoun and Khalid Ashmawy

Co-founders, Huspy

Recognising the gap in the property technology (proptech) space, Jad Antoun – who previously worked with Beco Capital – and Khalid Ashmawy, who was with Uber and Microsoft – launched Huspy in August 2020. The web and app-based licensed mortgage platform, which offers home financing products with no paperwork, claims that it can offer a quote in under one minute and close the transaction “three times faster” than the traditional process. Huspy says it has already reached more than $200m in annualised gross merchandise value with over 150 transactions. Last month, Huspy also attracted what it claims is the one of the largest seed rounds ever raised by a startup in the MENA region, although the size of the deal was not disclosed.

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