UAE-based proptech Huspy acquires Italian credit intermediary Integra Finance

Huspy heads to Italy

UAE-founded proptech and mortgage platform Huspy bought Italian credit intermediary Integra Finance for an undisclosed sum, according to a statement. The acquisition marks Huspy’s entry into Italy, its fourth market after the UAE, Spain, and Saudi Arabia, where it plans to invest USD 86 mn (AED 315 mn). Integra brings more than 160 advisors and over 50 banking, financial, and ins. partners, which Huspy plans to plug into its AI platform for agents and brokers.

IN CONTEXT- It's been a busy month: The Integra acquisition comes just over a week after Huspy bought Dubai luxury brokerage LuxuryX ahead of launching luxury offering Huspy Signature. At the time, Huspy said it facilitates around USD 1 bn in transactions a month and handles about a quarter of the UAE’s residential mortgages. Integra is Huspy’s fifth credit intermediation acquisition, after Home Matters, Just Mortgages, and Finance Lab in the UAE in 2022, and Mortgage Direct in Spain in 2023. The company plans further expansion across Europe and MENA through 2027.