PropTech Smallsmall Nets $3M

Nigerian PropTech SmallSmall gets funding of $3M to offer flexible living solutions for customers. From Oyster VC, Asymmetry Ventures, Vivaz, and Niche Capital the Lagos based startup SmallSmall lands funding of $3M. The introduction of cutting edge technologies in the property or real estate sector can truly transform the industry forever. Streamlining the processes making them more efficient and transparent. For instance the AI can be used in the identification of trends in the property market and offers realistic valuations keeping in view customer needs. Also many firms nowadays are offering virtual tours with immersive technologies like AR and VR.  Similarly, blockchain is being utilized for transparent exchange of finances as well as for record keeping. The investment in technology by the property sector is going to be huge especially with the Proptech apps development as well as software. Hitting the whooping number of US$ 86.5 billion in 2032 as per Future Marketing Insights. Indubitably,  with the advent of technologies, the market has begun to shift nearly every aspect of the rental process, from  leasing applications to communications with landlords  to payment processing.

SmallSmall: Giving Renters Access To Monthly Rent Payments

Co-founded by Naomi Olaghere, Tunde Balogun,  and Pidah Tnadah in 2018. SmallSmall gives renters access to monthly rent payments and offers landlords a way to vet tenants. Its different models such as RentSmall enables users to rent housing and pay monthly. BuySmallSmall identifies newly built properties by reputable developers that meet the company's market demand and also offers investment opportunities. In addition, StaySmallSmall lets users book the furnished bed spaces starting at $4 per night. The startup in 2021 participated in Techstars Toronto Accelerator Program plus was the first African proptech startup to get into the program-procuring the amount of $120,000 as part of its pre-seed round. SmallSmall truly posses power to halt inefficiencies in rental system existing for years, thus affecting how landlords and renters transact.