StrideUp Raises $345M to Democratize Home Ownership with a True Halal Mortgage Alternative

StrideUp is thrilled to announce a landmark funding achievement, having raised $345,000,000 in our latest financing round. This incredible infusion of capital not only reinforces our mission but also paves the way for the next chapter in our journey toward transforming the landscape of home financing. At StrideUp, we are driven by the belief that home ownership should be accessible to everyone, respecting both individual needs and core faith-based values. In a market long dominated by conventional mortgage products laden with interest and extraneous fees, our innovative Home Purchase Plan offers a true halal alternative—one that facilitates home financing without resorting to interest-bearing loans. This groundbreaking approach is designed to empower individuals by providing a fair, Sharia-compliant path to home ownership, ensuring that financial growth does not come at the cost of personal convictions. The funding will be strategically allocated to expanding our outreach, enhancing technological capabilities, and fortifying our risk management practices. With these tools, we aim to bring our unique product to a broader audience across diverse communities, while continuing to build a world in which ethical financing principles prevail in every corner of the housing market. Our team is energized by this momentum, and we are eager to further our commitment to inclusivity and innovation in home finance. This milestone represents both a validation of our vision and a stepping stone toward making home ownership an attainable reality for many more families around the globe.