Dubai’s Holo Secures $22M Series A to Expand GCC Digital Mortgages
▼ Summary
– Holo raised $22 million in a Series A round led by Impact46, with participation from Mubadala and others, marking one of the largest such rounds in the GCC for 2025.
– The UAE-based fintech, founded in 2020, operates a digital mortgage platform that allows users to compare, apply for, and track mortgages, and includes a hub connecting real estate agents with pre-approved buyers.
– The funding will support Holo’s expansion into Saudi Arabia and the broader GCC region, as well as scaling its product and engineering teams to meet growing demand.
– Both the UAE and Saudi Arabia’s residential property markets are experiencing significant growth, with projections showing substantial increases and high compound annual growth rates through 2030.
– Holo has processed over 24,000 homeowners, opened an office in Riyadh in 2024, and introduced AI-driven tools to enhance customer experience with personalized recommendations and faster approvals.
Dubai-based fintech innovator Holo has successfully secured $22 million in a Series A funding round, positioning the company for significant expansion across the Gulf Cooperation Council (GCC) region. The investment was spearheaded by Saudi Arabia’s Impact46, with notable contributions from Mubadala Investment Company, Rua Growth Fund, anb seed, and MoreThan Capital. Existing backers Salica Oryx Fund and Dubai Future District Fund also participated, making this one of the most substantial Series A raises in the GCC for the year.
Established in 2020 by Michael Hunter and Arran Summerhill, Holo offers a fully digital mortgage platform that empowers users to compare real-time mortgage and refinancing offers from various banks, submit applications online, and monitor their status with guidance from dedicated mortgage advisors. A standout feature is Hub by Holo, which bridges real estate professionals with pre-qualified buyers, simplifying and accelerating the entire property acquisition journey.
This injection of capital will drive Holo’s strategic entry into Saudi Arabia and wider GCC markets, while also enabling the scaling of its product development and engineering teams to keep pace with escalating demand for digital home financing solutions.
The expansion initiative aligns with a period of robust growth in the residential real estate sectors of both the UAE and Saudi Arabia. Industry projections indicate the UAE’s market will swell from $143 billion in 2025 to $217 billion by 2030, reflecting an 8.66% compound annual growth rate. Similarly, Saudi Arabia’s market is anticipated to expand from $203 billion to $310 billion over the same period, growing at 8.77% annually.
Holo’s co-founders emphasized their mission in a shared statement: “We’ve always believed that buying a home shouldn’t be complicated. Our profitability in the UAE has given us the strength and confidence to invest ambitiously in high-growth markets like Saudi Arabia.”
To date, the platform has assisted more than 24,000 homeowners, delivering an end-to-end digital mortgage experience. In 2024, Holo established its inaugural office in Riyadh and rolled out AI-powered tools designed to offer personalized recommendations and expedite approval timelines, further elevating user satisfaction.
Basmah AlSinaidi, Managing Partner at Impact46, remarked, “Holo is bringing much-needed clarity to a process that’s long been opaque. By streamlining access to lenders and giving users full control of their home financing journey, they’re reshaping how people buy homes across the region.”
Ali Al Mheiri, Executive Director of UAE Diversified Assets at Mubadala’s UAE Investments Platform, noted that the investment supports the UAE’s broader economic diversification strategy, expressing confidence in both the resilience of the local real estate market and the transformative potential of fintech in property ownership.
This latest funding follows an earlier pre-Series A round led by Dubai Future District Fund and Oryx Fund, with involvement from Aditum Investment Management Limited, though the specific amount raised at that stage was not disclosed.
(Source: MENAbytes)