Dubai-based startup Keyper has launched its Rent Now Pay Later (RNPL) marketplace, aiming to revolutionize the rental experience for tenants in the city. This platform allows tenants to pay their rent in 12 monthly installments, tackling the common challenge of upfront annual payments that many renters face in the UAE.
The RNPL Marketplace features a curated selection of high-quality properties from leading real estate agencies, giving tenants a variety of options to suit their needs. Unlike traditional real estate platforms, all listings in the RNPL Marketplace are pre-priced for monthly payments, creating a streamlined, digital-first rental experience. This model reduces the burden of large lump-sum payments, enabling tenants to manage their finances more effectively.
For landlords, the RNPL Marketplace offers an attractive deal, allowing them to receive their annual rent as a single upfront payment while giving tenants the flexibility of monthly installments through credit or debit cards. This innovative approach bridges the gap between traditional rental practices and modern financial management, helping real estate agents close deals efficiently without compromising on terms.
Keyper collaborates with top real estate agencies like Dacha Real Estate, McCone Properties, D&B Properties, and Alba Homes to ensure high-quality property listings. Alessia Sheglova, CEO of Dacha Real Estate, praised the collaboration, highlighting its benefit for both tenants and landlords.
Supported by advanced tenant screening technology from Uqudo and Lean Technologies, the RNPL Marketplace simplifies the verification process for prospective tenants through digital Know Your Customer (KYC) methods and open banking integrations.
Omar Abu Innab, Co-Founder and CEO of Keyper, noted that the RNPL Marketplace addresses a major challenge for tenants: the burden of large upfront rental payments. He emphasized that by facilitating monthly payments, Keyper enhances tenants’ financial management and modernizes the rental experience.
Looking ahead, Keyper plans to expand the RNPL service to other cities in the UAE, including Abu Dhabi, while continuously growing its rental inventory through partnerships with additional real estate agencies to meet the changing needs of tenants in the region.
