Nigeria proptech Rent Small Small is working on a goal to reorganize Nigeria’s home rental market. The startup just joined the Techstars Toronto Accelerator Programme starting in October is now Africa’s first property technology platform.
TechStars is an operational investment company helping founders and early-stage entrepreneurs scale their visions into thriving businesses. The Techstars Toronto Accelerator Program provides mentorship, funding, and access to Techstars network for life starting with the Demo Day at the program’s end. When selected startups can then pitch to a wide pool of global talents and investors.
The 13-week accelerator program picks early-stage companies from across the globe on the 18th of October proving them with resources, invaluable skills, and connections to a wide pool of global talents and investors.
Rent Small Small was launched in 2018 by CEO Tunde Balogun and has been leveraging technology to revolutionize Nigeria’s property markets. This far the company has helped renters save N550 million on heir legal and agency fees including 12,000 monthly stays in locations in Lagos State, Nigeria. Other co-founders are Naomi Olaghere and Pidah Tnadah alongside a team of 20 software engineers, real estate mangers and customer service team members.
In the press release, Tunde shared that the company had purposefully stayed away from institutional investment in the last three years. He attributed good traction to their solution being loved by both landlords and tenants.
Recent posts by Tunde show that RentSmallSmall has reached break-even point in the last three years.