UAE-based proptech Huspy has announced the appointment of Mo Ghahroudi as new VP of its product and mortgages division. 

Ghahroudi (LinkedIn profile) has 13 years of experience in the fintech space, and has previously worked at software development company Klarna, HSBC and JP Morgan.

“I have observed first hand the traditional offline nature of real estate transactions globally and it’s clear to me that there’s a big opportunity waiting to make home buying a smoother ride for everyone involved,” he said.

“With a notable 30% market share in Dubai alone, Huspy’s position as a market leader is clear. The decision to join Huspy aligns with my ambition to contribute to a visionary team dedicated to reshaping all aspects of the real estate transaction worldwide.”

Huspy’s mortgage division, which has been strengthened through the acquisition of three UAE-based mortgage companies, lets customers secure finance on properties alongside buying, selling and renting homes. 

Founded in 2020, Huspy currently has 641 residential properties on its platform, with a focus on high-value homes. To date, it has had three funding rounds, raising a total of $47.0 million through 14 investors. Its latest round, concluded in June 2022, raised $37 million. Earlier this year the company began geographic expansion, starting operations in Madrid, Spain.

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