The International Finance Corporation (IFC) has made its first venture capital investment in Morocco's proptech sector, backing digital real estate platform Yakeey. This commitment is part of a larger $15 million Series A funding round aimed at transforming the country's property market. Yakeey's mission is to streamline how homes are valued, financed, and transacted through its integrated technology.
Addressing Market Fragmentation
Morocco's real estate market has long been characterized by fragmented services, financing bottlenecks, and a lack of price visibility. These challenges create a transaction process that consumers often find opaque, complex, and stressful. Yakeey was founded to address this pervasive lack of trust by building a cohesive and transparent digital ecosystem.
A Unified Digital Platform
Yakeey's platform provides a comprehensive solution by integrating property search, valuation, brokerage, and financing into a single infrastructure. This digital-first approach is designed to eliminate information gaps and significantly reduce transaction costs for buyers and sellers. By centralizing these services, the company aims to create a more efficient and accessible market for everyone involved.
A key innovation offered by the company is its Instant Buying (iBuying) service, a first for the Moroccan market. Through a partnership with Umnia Bank, Yakeey provides sellers with a quick, guaranteed sale at a transparent price. This offers a secure and straightforward alternative to the uncertainties often associated with traditional property sales processes.
Strategic Investment and Growth
The $15 million Series A round was supported by a consortium of prominent international and local investors. Alongside the IFC, participants included Beltone Venture Capital, Enza Capital, and CDG Invest through its 212Founders program. This diverse backing underscores strong market confidence in Yakeey’s vision to modernize the country's real estate sector.
The new capital will be instrumental in accelerating Yakeey's growth and expanding its service offerings. The company plans to enhance its digital platform, launch new products, and deepen its partnerships with financial institutions. A significant portion of the investment will also support the expansion of its YakeeyPro network of over 800 agents.
Fostering Trust and Transparency
According to founder Karim Beqqali, the company's vision extends beyond being a simple property portal. The core mission is to build a genuine transactional infrastructure that unites transactions, financing, and data within one ecosystem. This strategy is designed to foster trust and sustainably simplify the real estate experience for all participants in the market.
The IFC views this partnership as a milestone for supporting Morocco's burgeoning technology ecosystem and driving innovation. Farid Fezoua, IFC's Global Director for Private Equity and Venture Capital, noted the investment will expand housing access and catalyze job creation. Ultimately, the collaboration aims to make the real estate market more transparent, efficient, and accessible for households nationwide.
With this substantial Series A funding and the strategic backing of the IFC, Yakeey is well-positioned to lead a digital transformation in Morocco. The company's integrated platform promises to bring much-needed transparency, efficiency, and confidence to the national real estate market. This investment marks a significant step toward making property ownership more accessible for households and small investors across the country.