SA prop-tech startup HouseME wins an undisclosed amount


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.


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