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    Chief Kefas Ropshik Unveils the Kefiano Creative Hub

    Chief Kefas Ropshik Unveils the Kefiano Creative Hub

    LemFi Suspends Operations in Ghana

    LemFi Suspends Operations in Ghana

    Fez Delivery Expands Operations to the UK

    Fez Delivery Expands Operations to the UK

    Jos DevFest 2023 Unveils Exciting Developments in the Google Developer Group Ecosystem

    Jos DevFest 2023 Unveils Exciting Developments in the Google Developer Group Ecosystem

    Nigeria Empowers Youths: Launches 3MTT to Tackle unemployment

    Nigeria Empowers Youths: Launches 3MTT to Tackle unemployment

    Old Naira Notes Removal Deadline Extended Beyound December

    Old Naira Notes Removal Deadline Extended Beyound December

  • FEATURED
    Based on The Metric of Naira Against The Dollar, Bosun is Right-Retnan Daser

    Based on The Metric of Naira Against the Dollar, Bosun is Right-Retnan Daser

    How Code Plateau’s Demise Will Impact Tech Talent Development in Plateau State

    How Code Plateau’s Demise Will Impact Tech Talent Development in Plateau State

    Resurgence of Innovation: The Revamp of Tech Startups in Jos, Plateau State.

    Resurgence of Innovation: The Revamp of Tech Startups in Jos, Plateau State.

    Nigeria’s Cash Swap Policy: Goals versus Results

    Nigeria’s Cash Swap Policy: Goals versus Results

    Six Things that could Shape the Northern Nigerian Tech Ecosystem in 2023

    Six Things that could Shape the Northern Nigerian Tech Ecosystem in 2023

    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

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    Binance now accepts Naira Deposits and Withdrawals

    Binance now accepts Naira Deposits and Withdrawals

    Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3

    Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3

    Is Africa Ready to Operate a Digital Monetary Policy?

    Is Africa Ready to Operate a Digital Monetary Policy?

    What Binance and TikTok Star, Khaby Lame’s Partnership mean for Crypto and Web3 Adoption

    What Binance and TikTok Star, Khaby Lame’s Partnership mean for Crypto and Web3 Adoption

    PLA2SMART Set to Lead a New Frontier in Nigeria’s Tourism Economy

    Bundle Launches Web App to Give Users More Accessibility to Crypto

    Bundle Launches Web App to Give Users More Accessibility to Crypto

  • FINANCE
    CBN prohibits Foreign Banks from Offering Banking Services

    CBN prohibits Foreign Banks from Offering Banking Services

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    Flutterwave gets Switching and Processing licence from CBN

    Flutterwave gets Switching and Processing licence from CBN

    Google Expands its Digital Wallet to South Africa

    Google Expands its Digital Wallet to South Africa

    FCCPC Orders Drawdown of Online Credit Companies

    FCCPC Orders Drawdown of Online Credit Companies

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    Fez Delivery Expands Operations to the UK

    Fez Delivery Expands Operations to the UK

    Bolt launches Accelerator Den Program with €25,000 Investment in 20 Drivers

    Bolt launches Accelerator Den Program with €25,000 Investment in 20 Drivers

    Paystack to cut off on Operations Outside Africa and Layoff Some Staff

    Paystack to cut off on Operations Outside Africa and Layoff Some Staff

    AltSchool Secures $3 Million Crowdfund and Gains Financial Aid from Rwanda

    AltSchool Secures $3 Million Crowdfund and Gains Financial Aid from Rwanda

    Startup Futurescool To Partner With Institutions in Nigeria As It Sets To Lunch Revolutionary Online Education Program

    Startup Futurescool To Partner With Institutions in Nigeria As It Sets To Lunch Revolutionary Online Education Program

    JOBJACK Secures $2.5 Million Series A to Support Expansion in SA

    JOBJACK Secures $2.5 Million Series A to Support Expansion in SA

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  • NEWS
    Chief Kefas Ropshik Unveils the Kefiano Creative Hub

    Chief Kefas Ropshik Unveils the Kefiano Creative Hub

    LemFi Suspends Operations in Ghana

    LemFi Suspends Operations in Ghana

    Fez Delivery Expands Operations to the UK

    Fez Delivery Expands Operations to the UK

    Jos DevFest 2023 Unveils Exciting Developments in the Google Developer Group Ecosystem

    Jos DevFest 2023 Unveils Exciting Developments in the Google Developer Group Ecosystem

    Nigeria Empowers Youths: Launches 3MTT to Tackle unemployment

    Nigeria Empowers Youths: Launches 3MTT to Tackle unemployment

    Old Naira Notes Removal Deadline Extended Beyound December

    Old Naira Notes Removal Deadline Extended Beyound December

  • FEATURED
    Based on The Metric of Naira Against The Dollar, Bosun is Right-Retnan Daser

    Based on The Metric of Naira Against the Dollar, Bosun is Right-Retnan Daser

    How Code Plateau’s Demise Will Impact Tech Talent Development in Plateau State

    How Code Plateau’s Demise Will Impact Tech Talent Development in Plateau State

    Resurgence of Innovation: The Revamp of Tech Startups in Jos, Plateau State.

    Resurgence of Innovation: The Revamp of Tech Startups in Jos, Plateau State.

    Nigeria’s Cash Swap Policy: Goals versus Results

    Nigeria’s Cash Swap Policy: Goals versus Results

    Six Things that could Shape the Northern Nigerian Tech Ecosystem in 2023

    Six Things that could Shape the Northern Nigerian Tech Ecosystem in 2023

    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

  • BLOCKCHAIN
    Binance now accepts Naira Deposits and Withdrawals

    Binance now accepts Naira Deposits and Withdrawals

    Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3

    Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3

    Is Africa Ready to Operate a Digital Monetary Policy?

    Is Africa Ready to Operate a Digital Monetary Policy?

    What Binance and TikTok Star, Khaby Lame’s Partnership mean for Crypto and Web3 Adoption

    What Binance and TikTok Star, Khaby Lame’s Partnership mean for Crypto and Web3 Adoption

    PLA2SMART Set to Lead a New Frontier in Nigeria’s Tourism Economy

    Bundle Launches Web App to Give Users More Accessibility to Crypto

    Bundle Launches Web App to Give Users More Accessibility to Crypto

  • FINANCE
    CBN prohibits Foreign Banks from Offering Banking Services

    CBN prohibits Foreign Banks from Offering Banking Services

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    Flutterwave gets Switching and Processing licence from CBN

    Flutterwave gets Switching and Processing licence from CBN

    Google Expands its Digital Wallet to South Africa

    Google Expands its Digital Wallet to South Africa

    FCCPC Orders Drawdown of Online Credit Companies

    FCCPC Orders Drawdown of Online Credit Companies

  • START UPS
    Fez Delivery Expands Operations to the UK

    Fez Delivery Expands Operations to the UK

    Bolt launches Accelerator Den Program with €25,000 Investment in 20 Drivers

    Bolt launches Accelerator Den Program with €25,000 Investment in 20 Drivers

    Paystack to cut off on Operations Outside Africa and Layoff Some Staff

    Paystack to cut off on Operations Outside Africa and Layoff Some Staff

    AltSchool Secures $3 Million Crowdfund and Gains Financial Aid from Rwanda

    AltSchool Secures $3 Million Crowdfund and Gains Financial Aid from Rwanda

    Startup Futurescool To Partner With Institutions in Nigeria As It Sets To Lunch Revolutionary Online Education Program

    Startup Futurescool To Partner With Institutions in Nigeria As It Sets To Lunch Revolutionary Online Education Program

    JOBJACK Secures $2.5 Million Series A to Support Expansion in SA

    JOBJACK Secures $2.5 Million Series A to Support Expansion in SA

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SmallSmall to Expand to Jos following a $3 Million Seed Raise

by Nuel Umahi
November 10, 2022
in Featured
Reading Time: 3 mins read
0
SmallSmall to Expand to Jos following a $3 Million Seed Raise
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Nigerian proptech company, SmallSmall has stated that Jos city alongside Port Harcourt and Enugu is in its expansion for Q1 2023 following a seed raise of $3 million.

Why it matters:

The city of Jos is faced with rapid urbanization and the inadequate capability to cope with it. This has made homeownership in the city a challenge.

SmallSmall however, intends to challenge this rapid urbanization, utilizing it as an improvement of the economic status of the state. This, according to Tunde Balogun, co-founder of SmallSmall, is a means of generating passive income.

“Homeownership can improve the economic status in one way or another because it generates passive income for people to meet other needs. So we want to play a part in that and help young people in their journey from renting to investing to eventually buying real estate”, he said.

Furthermore, with SmallSmall processing over 25,000 monthly rents across Lagos and Abuja, it will expand its 7% rent default rate, saving property owners over $1.5 million in damages and tenants over $1.2 million in broker fees for the residents of Jos.

Addressing the monthly payment plan for SmallSmall users, Balogun stated that following their test in Lagos, their target is to persons around 28 years and with this, it would expand their reach into Jos and other cities.

“Our market is for young professionals with an average age of around 28 years. It’s a huge market. Lagos was our test point which showed 80% out of the 3000 persons pay their rent monthly, with this theory, we can push for more adoption in Jos, Port Harcourt and Enugu”, he said.

About the Company

  • SmallSmall was founded in 2018 by Tunde Balogun, Naomi Olaghere and Pidah Tnadah. The company is built to provide affordable and efficient housing in Nigeria.
  • Since its launch, the proptech has over 476,000 people registered on its platform, its business model enables teners to make monthly rent payments and offers landlords a system to vet tenants, increase their income and manage properties.

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