Tech in Africa
Based in Cape Town, HouseME secured an undisclosed sum in funding from new and existing investors. The funding is part of the effort to position HouseME as a long term letting and digital rental platform. Ben Shaw is the CEO of HouseME and well-positioned to capitalize on the surge of public interest across public platforms.
HouseME was formed in 2016 and has built a user base of over 150,000 representing a substantial yearly increase in adverts. According to the statement shared on Ventureburn, HouseMe has recorded an increase in advertised units from the start of the year. The company offers a smart rental service, that includes tenants and landlords.
Impact of COVID-19 on rentals
HouseME reports an increase in the pricing and tenant demand over the next 18 months supported by the latest index. The startup released a statement in an official press conference saying, “With rental increases dipping to just 1.6% for the second quarter – half the growth rate of the previous quarter and the lowest quarterly growth rate in its history – the index cites affordability as the major driving force behind the muted growth.“
