Nigeria - Business creation project

Describe your project or startup in a few words

Revolutionizing and transforming the real estate agency landscape in Lagos, bridging the gap between tenants and landlords, creating a seamless rental experience that eliminates the frustrations and high costs of tradition housing agents.

01.01 Describe your project in more detail

Our platform leverages on cutting-edge technology to simplify the rental process in Lagos, by ensuring that finding or leasing a property is as seamless as possible, no cumbersome procedures, no exorbitant agency fees. Our streamlined approach provides transparency, efficiency, and saves time and costs. Our digital application process l, virtual tours and online lease agreements make securing a new home for Lagos residents straightforward, hassle-free and timely.

01.02 What is the main problem you are trying to solve?

Market gap in the real estate business. There’s a lack of technology driven solutions to streamline the rental process in Lagos and reduce cost. The current inefficiencies in the rental process are slow, non-transparent and filled with unnecessary bottlenecks. And more majorly, the exorbitant fees charged traditional house agents are a financial burden on both the tenants and the landlords.

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

Our platform connects tenants directly with landlords. We offer a clear, upfront pricing model with no hidden fees. We’re leveraging on our property technology to simplify and accelerate the rental process in Lagos, Nigeria.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

1) the tenants- primarily young professionals, families and expatriates looking for rental properties in Lagos. 2) Landlords- property owners and real estate investors seeking efficient and cost effective ways to manage and rent out properties. 3) Property managers- registered companies managing the rental properties of landlords.

01.05 When did you start working on your project?

2024-04-01

01.06 How many other partners are associated with your business venture?

2

01.07 Among the other partners, how many are female?

1

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

Tosin Majekodunmi Oyewole is a

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

01.10 Which industry best describes your project?

k) Property (real estate)

02.01.01 My project contributes to the No poverty goal

4

02.01.02 No poverty - Justification

02.02.01 My project contributes to the Zero hunger goal

2

02.02.02 Zero hunger - Justification

02.03.01 My project contributes to the Good health and well-being goal

3

02.03.02 Good health and well-being - Justification

02.04.01 My project contributes to the Quality education goal

2

02.04.02 Quality education - Justification

02.05.01 My project contributes to the Gender equality goal

3

02.05.02 Gender equality - Justification

02.06.01 My project contributes to the Clean water and sanitation goal

2

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

3

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

Smart property management- automating administrative and operational processes through AI and machine learning to reduce costs and errors, increased access and inclusivity on digital platforms, innovative financing solutions, implementing blockchain technology solutions that ensures transparency in transactions, reduces fraud and speeds up the rental process.

02.10.01 My project contributes to the Reduced inequalities goal

3

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification

02.12.01 My project contributes to the Responsible consumption and production goal

2

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

1 - Strongly Disagree

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification

02.16.01 My project contributes to the Peace justice and strong institutions goal

2

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

6

05.02 The product/service we envision creating represents an entirely new type of product/service.

1 - Strongly Disagree

05.03 The product/service we envision creating could be described as a new technology.

5

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

7 - Strongly Agree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

3

05.08 Justification

05.09 Who are your main potential competitors and what makes you stand out from them?

What makes us stand out from competitors such as PropertyPro, BuyLetLive, Nigeirapropertycenter, Jiji.ng; includes: we offer precise virtual tours, reduced agent fees, we provide legal and financial services, we focus on community and education, enhanced customer support round the clock and seamless tech-enabled rental process.

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes. More than 70% percent of workers on my team are females. This includes my graphic designer, website developer, social media manager and in-house lawyer.