valU, a MENA-based fintech platform, has partnered with Partment, a digital platform that offers fractional shares (co-ownership) in fully-managed second homes across prime locations, the company announced on Monday.
Through this partnership, customers can leverage valU’s flexible and affordable payment plans for Partment’s property management and maintenance services. Partment and valU aim to provide customers with an unrivaled investing experience by unlocking access to premier vacation homes without the hassle of property management and maintenance.
The properties are fractionalized into up to eight parties, allowing each to own an equal share in the property value and spend 41 nights per year when booked through Partment’s proprietary booking system. Customers can finance Partment’s services through valU’s convenient and flexible tenors that range from 6 to 60 months and receive approvals within 15 minutes.
Ahmed Seoudy, Group Head of Product Development at valU, commented on the partnership, stating that it will grant people access to top-notch residential property services at affordable prices and through a swift and hassle-free process. As the Egyptian real estate market continues to witness price hikes due to rising inflationary pressures, buy-now, pay-later (BNPL) services continue to grow in demand. ValU and Partment have come together to provide the public with inclusive financing solutions that enable them to serve on their investments in real estate and benefit from potential returns on their investment.