Technology is revolutionizing businesses and shaping industries globally. Even though real estate, like other traditional industries, has not changed very much in decades, the sector is beginning to get a face-lift, and we are excited to see Nigerian companies thriving under the new technology wave. Over the past few years, a number of proptech companies have emerged in Nigeria, bringing the age-long shifts that the sector has been waiting for. Through 2019 and 2021, fintech companies have raised billions of dollars in funding.

Although proptech in 2021 is just starting to gain traction, over $2million has already been raised by these 5 proptech companies we want to profile, and we expect that a similar narrative will play out over the next few years.

Here are Nigeria’s 5 proptech startups that recently got into the global space:

Rent Small Small is Africa’s first proptech company to join Techstars Accelerator, Canada.

Founders: Tunde Balogun, Naomi Olaghere, and Pidah Tnadah
Sector: Rental Marketplace. Financing
Key Regions: Nigeria
Highlighted Investors: TechStars Colliers

Rent Small Small started in 2018 and provides people the opportunity for monthly rental payment which is in sync with the wage system in Nigeria,

Yahshud Property Investment got $100k funding from Platform Capital.

Founders: Abdul-Jabbar Oyekan, and Ezekiel Adamu
Sector: Financing
Key Regions: Nigeria
Highlighted Investors: Platform Capital.

Yahshud is a real estate crowdfunding platform.

Estate Intel got into MetaProp in August 2021, with a $250,000 investment from the world’s foremost proptech accelerator.

Founders: Dolapo Omidire
Sector: Data and Analytics
Key Regions: Nigeria, Ghana, Kenya, Côte d’Ivoire

Highlighted Investors: MetaProp.

Estate Intel is a data platform that helps organisations interacting with the real estate and construction industry make faster and smarter decisions.

Spleet Inc is Africa’s first startup to join Metaprop.

Founders: Akintola Adesanmi and Dolapo Adebayo
Sector: Rental Marketplace and Rental Financing
Key Regions: Nigeria, Ghana
Highlighted Investors: MetaProp, Future Africa.

Spleet Inc is a rental platform that currently provides flexible rental payment opportunities to people in Lagos, Nigeria. The company will also be getting up to $250,000 funding from Metaprop

Eden Life raised $1.4m to expand its home services operation across Africa.

Founders: Nadayar Enegesi, Prosper Otemuyiwa, and Silm Momoh
Key Regions: Nigeria
Highlighted Investors: Local Globe and others.

Reference and source: Nairametrics

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