HissaTech Raises $667,000 to Simplify Property Co-Ownership for Smaller Investors

Saudi Arabian PropTech startup HissaTech has secured $667,000 in a pre-seed funding round led by angel investors. The company plans to use the capital to expand its digital platform, which simplifies real estate investment by allowing users to co-own income-generating properties. This approach lowers the investment threshold, making real estate accessible to a broader range of investors in Saudi Arabia.

HissaTech's platform offers users the opportunity to earn rental income and benefit from capital gains as property values appreciate. The newly raised funds will be allocated towards growing its customer base, enhancing the platform’s user experience, and forming key strategic partnerships within the PropTech sector.

With the increasing demand for transparent and secure property investment opportunities, HissaTech is positioning itself as a solution, offering smaller investors an easier path to property ownership, with regular rental returns and the potential for long-term financial growth.

Source: WAYA