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Naivera

Kenya
Market: Real estate, Mobile applications
Stage of the project: Operating business

Date of last change: 10.03.2023
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Idea

We are an online marketplace for property-backed finance/investments.

We help people conveniently build passive income through investments in affordable housing.

Current Status

The year 2022 GMV; $937,681
The year 2022 Revenues; $74,150
Current number of investors; 70
No of houses sold; 100
Month on Month Growth rate; 40%
Pre-seed investment raise; $205000
Number of employees; 11

Problem or Opportunity

We have 170M people- middle-class African population looking for investment opportunities to grow passive incomes.

Most of them want to invest in houses as income-generating assets, but the main challenges are;
-The Affordability of assets-the houses,
-The Availability of financing
-High risk of investments.

Solution (product or service)

Our platform brings together property developers, property buyers, and financial lenders, and it helps people conveniently build passive income and wealth through affordable housing investments.

-We reduce the prices of houses by more than 30%.
-We reduce the payback period of investing in Real-Estate from 13 years to under three years.
-We are unlocking capital for real estate development for unbankable people.
-We are promoting sustainable investments through derisking investments in real estate.

Business model

-Commissions paid by developers; 3%-16% on sales.
-Software subscriptions paid by institutional lenders; $2-$10 per user p.m.
-Revenue Sharing/Service Fees paid by individual lenders/investors; 15% of income earned.

Incubation/Acceleration programs accomplishment

-Startup Wise Guys-Saas Africa
-Growth Africa
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Idea
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