Grace Ashiru
Yakeey, a Moroccan proptech startup with ambitions to revolutionize the country’s real estate sector, is set to secure up to $7 million in funding as part of its Series A round. The investment will come from the International Finance Corporation (IFC), the private sector arm of the World Bank Group. This funding aims to accelerate the platform’s product development and strengthen its foothold in the Moroccan market.
Founded in 2023 by Karim Beqqali, a seasoned real estate professional and the founder of Yamed Group, Yakeey operates as a digital marketplace designed to simplify property transactions. The platform markets itself as a “one-stop-shop” for buying, selling, and renting properties, addressing a significant issue identified by its founder: a pervasive lack of trust within the market.
“The major problem we identified was the patent lack of trust of actors towards each other,” Beqqali explained in a previous interview. He went on to say that the idea for Yakeey emerged during the Covid-19 pandemic, a time that highlighted the potential for digital solutions to streamline complex interactions. For many Moroccans, the property transaction process has long been perceived as “long, complex, opaque, and stressful.”
Yakeey’s business model seeks to restore confidence by providing a transparent, end-to-end transactional ecosystem. Rather than just a listings platform, the company offers a managed marketplace that brings together all stakeholders, including buyers, sellers, notaries, and banks, into one cohesive system.
As the real estate market in Morocco continues to evolve, Yakeey’s innovative approach and the backing from the IFC position the startup as a key player in the future of property transactions in the country. The Series A funding is a critical step in solidifying its presence and expanding its services, paving the way for a more efficient, trustworthy real estate landscape in Morocco.
