HissaTech, a Saudi Arabian PropTech startup, has raised $667,000 in a pre-seed funding round. The round was primarily led by angel investors, with the aim of advancing the company’s digital platform to support real estate investments in Saudi Arabia.
Platform for Accessible Real Estate Investments:
HissaTech provides a digital platform that allows users to co-own real estate assets. Investors can earn rental income and benefit from potential capital gains as property values increase. The platform’s approach lowers the traditional barriers to entry, enabling smaller-scale investments and making real estate more accessible to a wider range of investors.
Plans for Utilizing the New Funding:
The recent funding will be allocated towards expanding HissaTech’s customer base across Saudi Arabia, enhancing the platform’s features to offer a more streamlined investment experience, and forming strategic partnerships to strengthen the company’s position in the PropTech sector.
Meeting Market Demand for Real Estate Investment:
With a growing demand for transparent and secure real estate investment options, HissaTech aims to cater to this need by offering regular rental returns and potential long-term value growth. The platform seeks to provide everyday investors with a more straightforward pathway to property ownership.
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By Proptechbuzz
By Ravi Kumar
