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Real Estate

5 Nigerian real estate start-ups helping with easier living

This article examines a few startups making life easier for Lagos residents.

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Real Estate in Lagos

Living in Nigeria’s core cities can be enough struggle particularly for young professionals who want to be focused on being as productive as possible. By utilising technology, startups are building solutions such as rent splitting, home concierge services, among others in easing living difficulties.

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The Nigerian property market has recorded significant growth in its Proptech ecosystem in recent years as we currently track 72 Proptech companies, an increase from 58 in 2018. Consumers, who are keen on memorable technology-infused experiences are increasingly utilising these products. Easier living solutions enabling a more convenient way of living in their apartments have been very essential in creating these technology-infused experiences. In this article, we are going to examine a few startups making life easier for Lagos residents.

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1. Home Concierge:

i. Eden Life:

Services Rendered: Automating the service handling home chores such as meals, laundry and house cleaning by simply requesting an Eden gardener using the app.

Locations: Lagos.

Subscription Plans: ₦23,000 – ₦86,000 per month.

Year Founded: 2019.

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ii. Fichaya:

Services rendered: Automating the service of home and corporate cleaning by booking a cleaning session on the application.

Locations: Lagos.

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Subscription Plans: ₦6,575 – ₦110,000 (depending on service).

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Year Founded: 2017.

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2. Flexible Payment:

i. Kwaba:

Services Rendered: A digital service for financing payment of annual rent in advance while the occupant pays monthly (Rent now – Pay Later). According to the company, for a 6 per cent monthly interest rate, the rent repayment is spread between 6-12 months.

Locations: Lagos, Abuja.

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Year Founded: 2019.

ii. LiveIzy:

Services Rendered: A digital ecosystem around the automation of flexible payment of rent and home concierge services. Other notable mentions in this space include Muster, Spleet, Fibre, Rent Small Small among others.

Locations: Lagos, Abuja.

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Year Founded: 2017.

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3. Flexible Hotel Hours:

i. Quartered

Services Rendered: Enabling guests book hotels for 4, 8, 12 and 24 hours and choose their check-in time as opposed to booking hotels for a whole day.

Locations: Lagos, Abuja, Port Harcourt.

Year Founded: 2019.

Note: Quartered is currently undergoing some restructuring of their business model to make their services more flexible to users and hotels.

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These are exciting times for Nigeria’s PropTech ecosystem and we are thrilled by the progress so far.

Which of these solutions do you find most interesting?

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