Rent Small Small becomes first African Proptech Company to Join Techstars Accelerator – GCFRNG

Rent Small Small becomes first African Proptech Company to Join Techstars Accelerator – GCFRNG

In the wake of its third anniversary, Rent Small Small, a Nigerian real estate tech startup that is shaking up the Nigerian home rental market, has been accepted to join the Techstars Toronto Accelerator Program starting in October, making it the first African real estate technology platform selected to join the program. Techstars is an operational investment company helping founders and early-stage entrepreneurs turn their vision into a thriving business. The Techstars Toronto Accelerator Program is designed to provide mentoring, funding, and access to the Techstars Network for life, beginning with Demo Day at the end of the program. When selected, startups will be able to pitch to a carefully selected pool of investors. Photo: Rent Small Small Source: UGC The 13-week accelerator program that selects early-stage companies from around the world begins on October 18, 2021, and ends with a demo day for investors affiliated with Techstars. It provides entrepreneurs with invaluable skills, resources, and connections with a broad pool of global talents and investors.

Rent Small Small, led by Tunde Balogun, has been leveraging technology to revolutionize the property rental market in Nigeria. So far, Rent Small Small has helped tenants save N550 million in agency and legal fees and provided over 12,000 monthly stays at 18 locations in Lagos State, Nigeria. The company is one of the leading advocates of affordable and flexible rent payment in West Africa when it first introduced “pay your rent monthly in Lagos”. Tunde Balogun, CEO of Rent Small Small, believes that joining the Techstars accelerator right now is suitable for the company’s next phase of growth. “For the last 3 years, we have focused on building a model that really solves rental problems and that we can scale. Now that we have good traction and our solution is loved by landlords and renters alike, we need strong guidance for our next phase of growth. We think participating in Techstars Toronto Accelerator right now is right for us. Your network, skills, and resources are what we will be able to leverage as we expand. Pidah Tnadah along with a team of 20 including software engineers, real estate managers and a customer service team. This is a remarkable feat for the young tech startup and a testament to the team’s effort to grow the business with very little funding while building a strong customer base with some clients using the platform from inception to date. Toronto’s regional startup ecosystem , led by Sunil Sharma, the CEO aims to match startups with mentors who help transform companies Early stage emerging dams into scalable and thriving businesses, capable of attracting investors, talent and capital for additional growth and prosperity. Discussing the selection of Rent Small Small in the Techstars Toronto Accelerator program, Sunil Sharma, Managing Director of the Toronto Regional Startup Ecosystem, said: “One thing that unites Canada with Africa is the challenge of finding affordable rental housing and available in major cities, especially for people just starting out in their careers.

When we met the RentSmallSmall team, we immediately understood the problem they were solving and even saw the parallels to our own situation here. ALSO READ Tony Elumelu Foundation Chooses 1000 Successful Applicants for Entrepreneurship Program in 2018 “If there is one industry that has captured the attention of Canadians, it is real estate, and we believe that our immediate network of property experts, owners and technology and real estate investors will be of great value to Tunde and his team as they seek to make housing available to more people throughout Africa “In a market where annual rent payment is the order of the day, Rent Small Small is helping organize the Nigerian property rental market with its flexible pay-per-stay rental method while eliminating discrimination and unnecessary charges

Aryans. Its mandate is to provide adequate and affordable housing for home seekers and influence the conception and birth of new homes to boost the livelihood and productivity of young Nigerians while helping homeowners make their property profitable. and profitable.

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