Khalid Ashmawy (Huspy)

Overview

Khalid Ashmawy is an Egyptian-American entrepreneur known for his influential role in the proptech industry. He is the co-founder of Huspy, a startup that is transforming the home-buying process in the United Arab Emirates and Europe. Huspy, which was founded in 2020, is recognized for simplifying property transactions through a technology-driven approach. The platform connects buyers, brokers, and banks in a streamlined manner, offering products and services that range from mortgage solutions to real estate management. Khalid's career has been marked by substantial achievements, including Huspy's significant market share in the UAE's mortgage sector and its expansion into Europe.

Recent Developments

July 2025: Huspy was featured prominently following a $59 million Series B funding round. Led by Balderton Capital, this round underscored the company's continued growth and its plans for entering the Saudi Arabian market and expanding in Spain.
April 2025: Huspy launched an AI-powered mortgage chatbot, Huspy.Ai, aimed at further digitizing and simplifying home financing processes across the GCC region.
2024: The platform reported over 20x growth year-on-year in Spain, illustrating its successful expansion strategy and adaptability in European markets.
2023: Huspy introduced strategic developments in its business model, focusing on reducing transaction times and enhancing customer experience by launching new CRM tools for brokers and agents.
2022: Khalid Ashmawy helped Huspy secure a $37 million Series A funding round, marking one of the largest of its kind in the MENA region and facilitating the startup's entrance into the European market, beginning with Spain.
2021: The company expanded rapidly, thanks to strategic investments and collaborations with local banks and real estate platforms, establishing its presence as a leader in the UAE's mortgage landscape.

Personal Information

Attribute	Information
Full Name	Khalid Ashmawy
Born	(Birth date not specified) Cairo, Egypt
Nationality	Egyptian-American
Occupation	Entrepreneur, CTO
Known For	Co-Founder of Huspy
Net Worth	(Not publicly disclosed)
Education	Harvard Business School, ETH Zürich, University of Stuttgart, German University in Cairo

Early Life and Education

Khalid Ashmawy was born in Cairo, Egypt. His early interest in technology drove him to pursue higher education in computer science and engineering across several prestigious institutions. He completed his Bachelor's degree at the German University in Cairo, followed by advanced studies in computer science at the University of Stuttgart, and a Master thesis project at ETH Zürich. Khalid further honed his leadership and business skills through an executive leadership program at Harvard Business School. These educational experiences equipped him with both technical expertise and managerial acumen, setting the foundation for his future entrepreneurial successes.

Career and Notable Achievements

Khalid Ashmawy began his career as a software engineer at Microsoft, where he worked on cloud computing infrastructure and security. He then moved to Uber as a Senior Tech Lead Manager, playing a key role in launching international products. His career took a significant turn when he co-founded Huspy in 2020 with Jad Antoun. Under his technical leadership, Huspy:

Achieved substantial market share in the UAE, processing 25-30% of all mortgages in the region.
Expanded into the European market, with Spain being a major focus of operations, reporting significant growth.
Introduced cutting-edge technology, including AI-driven mortgage solutions and CRM tools for enhancing the home-buying experience.
Secured substantial investment funding, vital for implementing its expansion strategies across Europe and the Middle East.

Current Work and Impact

Currently, Khalid Ashmawy is focused on scaling Huspy to new markets in Europe and the Middle East, with strategic technological innovations. His work has not only impacted the real estate sector by promoting transparency and efficiency but has also set a new standard for proptech solutions globally. While continuing to expand Huspy's influence, Khalid is also committed to fostering technological advancement and entrepreneurship in the MENA region.

References

The information in the article is accurate as of the current date, July 8, 2025. The structured information reflects the most recent data available on Khalid Ashmawy and Huspy.