Dubai-based fintech startup Stake has secured a significant $14 million in a Series A funding round. Leading the investment is MEVP (Middle East Venture Partners), a prominent UAE venture capital firm.
Joining the round are notable investors, including Abu Dhabi’s sovereign wealth fund Mubadala Investment Company, Wa’ed Ventures (a subsidiary of Saudi Aramco), Saudi Arabia’s family conglomerate Al Jomaih Holding, and the U.S.-based private investing platform Republic.
The specific details of the investment remain confidential.
Fueling Growth and Expanding Investor Access
Stake, a digital platform focused on real estate investment, will leverage this funding to accelerate its expansion across both the UAE and Saudi Arabia. This strategic move aims to unlock opportunities for foreign investors to participate in the Kingdom’s flourishing real estate market.
Since its inception in 2021, Stake has pioneered fractional ownership in real estate, allowing investors to enter the market with as little as 500 UAE dirhams. The company has already facilitated the sale of over 200 properties, totaling AED 355 million, through its user-friendly app. Notably, over 50% of Stake’s investors come from outside the UAE.
Targeting Saudi Arabia’s Economic Boom
Manar Mahmassani, co-founder and co-CEO of Stake, highlighted the appeal of the Saudi market: “KSA is projected to grow by 6% in 2025, positioning it as one of the fastest-growing G20 economies globally. We aim to empower both local and international users to invest early and benefit from this remarkable growth.”
Stake’s continued expansion and its emphasis on accessible real estate investment align well with the escalating interest in the region’s property markets.