Stake, a Dubai-based fintech company, has successfully raised $14 million in a Series A funding round led by Middle East Venture Partners (MEVP). The round saw participation from prominent investors including Aramco’s Wa’ed Ventures, Mubadala Investment Company, Al Jomaih Holding, and Republic, the US-based investing platform. This latest funding brings Stake’s total disclosed financing to over $26 million, following an $8 million pre-Series A round led by MEVP and BY Ventures in 2022.
Founded in late 2020 by Rami Tabbara and Manar Mahmassani, Stake offers a platform that enables individuals worldwide to invest in income-generating properties in the UAE with a minimum investment of $136 (AED 500). The platform allows users to generate income through monthly rental payments and capital appreciation upon the sale of their property shares.
Stake’s platform, which launched in 2021, has grown to support over 500,000 users from 160 countries, facilitating investments in the UAE’s burgeoning real estate market. To date, the platform has paid approximately $4 million in rental income to its users.
The company is now preparing to expand into the Saudi market, allowing international investors to purchase fractional shares of Saudi properties. This move will make Stake the first digital platform to offer such opportunities in Saudi real estate.
Rami Tabbara, co-founder and co-CEO of Stake, expressed his gratitude for the support from investors, stating, “We are grateful to have a top-tier group of investors backing this funding round and placing significant trust in Stake and the future we are building. Having them onboard fortifies our commitment to expanding our product offerings and providing our investors with prime investment opportunities.”
Tabbara highlighted the company’s vision of making real estate investment fully digitized, accessible, transparent, borderless, and liquid, emphasizing that Stake is only beginning to explore this potential.
Manar Mahmassani, co-founder and co-CEO of Stake, commented on the platform’s expansion into Saudi Arabia, noting, “KSA is forecast to grow by 6% in 2025, making it one of the fastest-growing G20 economies in the world. We want to give both our local and international users the opportunity to invest early and participate in that growth.”
Mahmassani also emphasized the significance of this funding round in supporting Stake’s mission of empowering individuals to build wealth through real estate.
Walid Mansour, co-founder and co-CEO of MEVP, praised Stake’s achievements, stating, “What they have achieved in the past 3 years is nothing short of incredible. Their approach to real estate investment is truly innovative, and we believe that their talented team, combined with our strategic funding, will propel them to greater success in the region.”
Stake plans to use the newly raised funds to support its expansion into Saudi Arabia, enhance its growth in the UAE, and broaden its user base and investment opportunities on the platform