Neighbouring Country Perspective Nigeria: $500k to be secured up by Nigerian property technology real estate startup business this year
According to data analytics, the Estate Intel real estate secured up to US $500k for its pre-seeded funding last year in Nigeria. Its promotion from a local estate business to the host and main domain of some other African countries. The Estate Intel was first launched in 2016 as a local business focusing mainly on developing Nigeria’s major buildings. However, due to its great progress in the past years, the Estate Intel is now one of the largest African sources for data on the real estate sector. The Estate Intel provides knowledge on the vacancy and sales data for many major African properties to help investors understand their investments.
The Estate Intel has been the second group selected for the BFF, also known as the Black Founder Fund program, out of sixty other African groups. It received a prize of $100k for securing its position, which helped the company in terms of financial support. However, the company spent the prize fund wisely in expanding its data infrastructure, which was limited only to the Nigerian state and other African countries, such as Zambia, Ivory Coast, Kenya, Ghana, and Morocco. This greatly helped the country rank up, as now the company was doing business in many other states alongside Nigeria.
In addition, while doing business in different countries, the company has gathered more data. It aggregates it into its new dashboard, providing the viewers with subscription plans to make profiles alongside helping investors. These dashboards cover the data of marketing sizes in real estate, availability, prices of rents, and sales for retail markets, offices, or other projects. They cover real estate data from almost 40 major African cities. The company has also added an AI feature for its product information extension, the Vesper. The Vesper helps the subscribers by providing them with the pricing lists of the currently available estates. It also performs calculations on the estimates to ensure that the person’s investment will surely provide profit.
The Estate Intel, being the only company to receive this huge funding, is set to shift its wings to even greater heights, and it is set to become the largest in Africa. With the addition of the AI Vesper, Estate Intel can better assist their customers seeking their dream properties.
The company aims to improve further and develop so that it can provide the local business and people doing estate business in Africa to thrive. In addition, they are also looking for the Google cloud and support tools for their dashboards and Vesper’s development. The company has gathered thousands and millions of supporters and investors and is a leading company in the real estate business sector.