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CRIBSTOCK INC

Nigeria
Market: Real estate, Financial services
Stage of the project: Operating business

Date of last change: 27.12.2022
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Idea

We help young professionals to co-own properties online for as little as $10 to earn rent from tenants who use the property while enjoying capital appreciation

Current Status

We rolled out Cribstock version 2 on January 24th 2022 which serves 12,052 users with 3,970+ active retail investors with $200,000 in traction.
We have the Cribstock mobile app available on Playstore and AppStore.
We innovated our secondary market place, offering every user a unique liquidation date in which coordinated and improved the speed of liquidation from 4days to 24hours

Problem or Opportunity

Income generation
Property accessibility and affordability with minimal funds

Solution (product or service)

We are lacking properties accessible in form of stocks to everyone interested, where they earn rent and also property appreciation and on the long run the opportunity for invest to own would be available

Business model

4-5% on properties sold in the platform
2.2% on withdrawals
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Idea
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Invested in previous rounds, $
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