Latest news with #PlusVC
Fintech News ME
a day ago
- Business
- Fintech News ME
Egypt's PALM Secures Funding to Expand Goal-Oriented Savings Platform
Egyptian fintech startup PALM has closed its pre-seed funding round, led by 4DX Ventures with participation from Plus VC and several international angel investors. The company provides a goal-based savings platform that integrates traditional investment tools with behavioral nudges to support users in meeting financial goals such as education, healthcare, marriage, or major purchases. PALM was founded by Mazen El Kerdany and Ahmed Ashour. El Kerdany is an investment executive with experience managing approximately US$2 billion, previously holding senior roles at EFG Hermes, Beltone Financial Holding, and Post for Investment. Ashour brings a background in technology and finance, with prior roles at Amazon, Goldman Sachs, and several fintech startups in EMEA and the US. 'The challenge isn't the ability to save but the lack of accessible tools that deliver real returns, diversification, and align with personal goals,' said El Kerdany, who also serves as CEO. 'PALM enables that by embedding investment into the spending process, making it more mindful, goal-driven, and outcome-focused.' PALM's platform allocates savings across asset classes such as fixed income, equities, and precious metals. It also partners with merchants to offer users exclusive deals, aiming to reduce out-of-pocket spending while improving returns. According to the company, this model supports financial planning while promoting broader goals like financial inclusion and capital market participation, as outlined in Egypt's Vision 2030. With the new funding, PALM plans to scale user acquisition, expand product offerings, and grow its network of partners. The company aims to make saving more accessible and aligned with everyday life in Egypt. PALM plans to expand its reach beyond Egypt in the long term, targeting users across the Mediterranean.
Zawya
19-06-2025
- Business
- Zawya
UAE's Prop-AI raises $1.5mln in pre-seed funding to expand in MENA
UAE: Dubai-headquartered proptech Prop-AI has closed a $1.50 million pre-seed funding round, led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and angel investors from Saudi Arabia and Bahrain. Prop-AI will use the new capital to expand its regional data integration, develop its tech and AI capabilities, and forge key partnerships with real estate developers, brokerages, and financial institutions across the MENA region and Europe, according to a press release. The funding announcement comes as Prop-AI rolls out a revamped UI/UX and powerful new features, including an interactive investor map pulling in all key data for investors and owners, making it easier to navigate the complex real estate landscape intuitively and backed with data. Founded in 2023, the AI-powered platform automates and improves property searches, evaluations, and presentations, deploying AI and ML tools to allow buyers, investors, and professionals to make confident decisions in complex and fast-paced markets. Ranime El-Skaff, CEO of Prop-AI, highlighted: 'Real estate is the world's largest asset class yet remains one of the least digitised and data-driven. At Prop-AI, we are truly transforming how real estate investment decisions are made, not just for the region, but globally." 'This funding milestone enables us to accelerate our vision of empowering individuals, institutions, and even autonomous AI systems to invest in real estate with confidence, backed by the most comprehensive data and insights available,' El-Skaff stated. Christian Kunz, Co-Founder of Prop-AI, commented: 'This funding marks a key milestone in our journey to build the most trusted AI infrastructure for real estate.' 'We are focused on the launch of our highly anticipated Prop-AI Business platform and APIs for real estate professionals and introducing the region's most advanced Agentic AI for Real Estate within the coming months,' Kunz added. He noted: 'These innovations will make intelligent, data-driven decision-making accessible to investors, real estate professionals, and eventually autonomous AI systems, setting a new standard for real estate investing in the region and globally.'
CairoScene
18-06-2025
- Business
- CairoScene
Prop-AI Secures $1.5M Pre-Seed to Advance Its AI Real Estate Platform
Dubai-based Prop-AI has raised $1.5 million to expand its AI-powered property investment platform across MENA and global markets. Jun 18, 2025 Prop-AI, a Dubai-based startup using artificial intelligence to enhance real estate investment, has secured $1.5 million in pre-seed funding. The round was led by Plus VC, with participation from Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and several strategic angel investors and family offices from Saudi Arabia and Bahrain. Founded in 2023, Prop-AI provides a platform designed to simplify property discovery, evaluation, and investment through advanced AI and machine learning. The technology is built to support a wide range of users—from first-time buyers to institutional investors—offering real-time data, predictive insights, and decision-making tools tailored to fast-paced and complex property markets. The platform recently earned the AI Seal of Excellence from the Dubai Centre for Artificial Intelligence, becoming the first PropTech firm to receive the distinction. The recognition follows a period of strong growth, including a tripling of revenue in Q1 2025. Prop-AI plans to use the new capital to accelerate regional data integration, enhance its AI and machine learning infrastructure, and expand its product suite. These developments include launching Prop-AI Business and APIs for real estate professionals, along with an agentic AI system built to support high-level decision-making. A newly revamped user interface and interactive investor map are also being rolled out to simplify market navigation and analysis. The funding round supports Prop-AI's broader mission to introduce intelligent, data-driven tools that make real estate investment more transparent, accessible, and efficient across the MENA region and global markets.
Wamda
17-06-2025
- Business
- Wamda
AI-powered proptech Prop-AI secures $1.5 million pre-seed
UAE-based proptech Prop-AI has raised $1.5 million in a pre-seed funding round, led by Plus VC, with participation from Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and angel investors from Saudi Arabia and Bahrain. Founded in 2023 by Ranime El Skaff and Christian Kunz, Prop-AI's platform uses AI and machine learning to automate property search, evaluation, and decision-making for buyers, investors, and professionals. Prop-AI will use the funds to deepen regional data integrations, enhance its AI infrastructure, launch new enterprise tools, and scale across the MENA region and Europe. Press release: Prop-AI, the AI-powered platform revolutionising how people discover, evaluate, and purchase real estate, has successfully closed its pre-seed funding round, securing $1.5 million from a distinguished group of regional and global investors. The funding round was led by Plus VC, the most active VC in the MENA region, with participation from leading venture capital firms Joa Capital, Select Ventures, Oraseya Capital, and Plug & Play, alongside strategic angel investors and family offices from Saudi Arabia and Bahrain. Founded in 2023 and headquartered in Dubai, Prop-AI is at the forefront of a new wave of PropTech innovation. Its platform automates and enhances property searches, evaluations, and presentations, harnessing advanced AI and machine learning to help everybody, from first-time buyers to institutional investors, make confident decisions in complex and fast-paced markets. 'Our mission is to build the 'Bloomberg of Real Estate',' said Ranime El-Skaff, CEO of Prop-AI. 'Real estate is the world's largest asset class yet remains one of the least digitised and data-driven. At Prop-AI, we are truly transforming how real estate investment decisions are made, not just for the region, but globally." 'We are grateful for the trust placed in us by an exceptional group of regional and international investors. Their belief in our vision and their strategic support are not only a validation of the work we have done so far but also a powerful motivation as we push the boundaries of what's possible in real estate through AI. This funding milestone enables us to accelerate our vision of empowering individuals, institutions, and even autonomous AI systems to invest in real estate with confidence, backed by the most comprehensive data and insights available.' Prop-AI has more than tripled its revenue in Q1 2025 and it was recently awarded the prestigious AI Seal of Excellence from the Dubai Centre for Artificial Intelligence, the first PropTech to earn the distinction, recognising its contribution to the UAE's broader vision of becoming a global AI innovation hub. The new capital will enable Prop-AI to expand its regional data integration, continue developing its tech and AI capabilities and forge key partnerships with real estate developers, brokerages, and financial institutions across the MENA region and beyond. The funding announcement comes as Prop-AI rolls out a revamped UI/UX and powerful new features, including an interactive investor map pulling in all key data for investors and owners, making it easier to navigate the complex real estate landscape intuitively and backed with data. Hasan Haider, Managing Partner at +VC, said, "Prop-AI is at the forefront of PropTech, blending cutting-edge AI with strong market insight. The team's vision, product execution, and market timing are impressive. As real estate becomes increasingly digital and data-driven, Prop-AI is well-positioned to lead the next wave of intelligent PropTech solutions across the Middle East and beyond. We're proud to support Ranime, Christian and the team as they scale their platform and bring greater transparency to the real estate industry.' Julien Plouzeau, Senior Partner at Oraseya Capital, said, "We believe Prop-AI is solving a huge pain point in real estate by giving people the tools to understand the market as investors, not just buyers. We're excited to support their mission of bringing greater intelligence and accessibility to the sector. Their technology has the potential to reshape how decisions are made across the entire real estate value chain.' 'This funding marks a key milestone in our journey to build the most trusted AI infrastructure for real estate,' said Christian Kunz, Co-founder of Prop-AI. 'We're focused on the launch of our highly anticipated Prop-AI Business platform and APIs for real estate professionals and introducing the region's most advanced Agentic AI for Real Estate within the coming months. These innovations will make intelligent, data-driven decision-making accessible to investors, real estate professionals, and eventually autonomous AI systems, setting a new standard for real estate investing in the region and globally.'
Zawya
17-06-2025
- Business
- Zawya
Prop-AI raises $1.5mln in pre-seed funding to expand its AI-powered real estate investment platform
MENA – Prop-AI, the AI-powered platform revolutionizing how people discover, evaluate, and purchase real estate, has successfully closed its pre-seed funding round, securing $1.5 million from a distinguished group of regional and global investors. The funding round was led by Plus VC, the most active VC in the MENA region, with participation from leading venture capital firms Joa Capital, Select Ventures, Oraseya Capital, and Plug & Play, alongside strategic angel investors and family offices from Saudi Arabia and Bahrain. Founded in 2023 and headquartered in Dubai, Prop-AI is at the forefront of a new wave of PropTech innovation. Its platform automates and enhances property search, evaluation and presentation, harnessing advanced AI and machine learning to help everybody, from first-time buyers to institutional investors, make confident decisions in complex and fast-paced markets. 'Our mission is to build the 'Bloomberg of Real Estate'' said Ranime El-Skaff, CEO of Prop-AI. 'Real estate is the world's largest asset class, yet remains one of the least digitized and data-driven. At Prop-AI, we are truly transforming how real estate investment decisions are made, not just for the region, but globally' 'We are grateful for the trust placed in us by an exceptional group of regional and international investors. Their belief in our vision and their strategic support are not only a validation of the work we have done so far, but also a powerful motivation as we push the boundaries of what's possible in real estate through AI. This funding milestone enables us to accelerate our vision of empowering individuals, institutions, and even autonomous AI systems to invest in real estate with confidence, backed by the most comprehensive data and insights available' Prop-AI has more than tripled its revenue in Q1 2025 and it was recently awarded the prestigious AI Seal of Excellence from the Dubai Centre for Artificial Intelligence, the first PropTech to earn the distinction, recognizing its contribution to the UAE's broader vision of becoming a global AI innovation hub. The new capital will enable Prop-AI to expand its regional data integration, continue developing its tech and AI capabilities and forge key partnerships with real estate developers, brokerages, and financial institutions across the MENA region and beyond. The funding announcement comes as Prop-AI rolls out a revamped UI/UX and powerful new features, including an interactive investor map pulling in all key data for investors and owners, making it easier to navigate the complex real estate landscape intuitively and backed with data. Hasan Haider, Managing Partner at +VC, said: " Prop-AI is at the forefront of PropTech, blending cutting-edge AI with strong market insight. The team's vision, product execution, and market timing are impressive. As real estate becomes increasingly digital and data-driven, Prop-AI is well-positioned to lead the next wave of intelligent PropTech solutions across the Middle East and beyond. We're proud to support Ranime, Christian and the team as they scale their platform and bring greater transparency to the real estate industry.' Julien Plouzeau, Senior Partner at Oraseya Capital, said: 'We believe Prop-AI is solving a huge pain point in real estate by giving people the tools to understand the market as investors, not just buyers. We're excited to support their mission of bringing greater intelligence and accessibility to the sector. Their technology has the potential to reshape how decisions are made across the entire real estate value chain.' 'This funding marks a key milestone in our journey to build the most trusted AI infrastructure for real estate,' said Christian Kunz, Co-founder of Prop-AI. ' We're focused on the launch of our highly-anticipated Prop-AI Business platform and APIs for real estate professionals, and introducing the region's most advanced Agentic AI for Real Estate, within the coming months. These innovations will make intelligent, data-driven, decision-making accessible to investors, real estate professionals, and eventually autonomous AI systems setting a new standard for real estate investing in the region and globally.' About Prop-AI Prop-AI is an AI-powered platform transforming the way people discover, evaluate, and invest in real estate. Built for both individuals and professionals, Prop-AI leverages real-time data, predictive analytics, and conversational AI to deliver actionable insights and investment-grade tools for the modern property market. Headquartered in Dubai, Prop-AI is on a mission to become the global standard for real estate intelligence and decision-making. For more information, on Prop-AI please contact: Name: Neena Punnen Ranime El Skaff Title: Director of PR & Comms Co-founder Email: neena@
