South African digital rental management platform HouseME is seeing 30 per cent month-on-month growth as it expands from the Western Cape to other parts of the country.
Formed in 2015 and available to the public by the end of last year, HouseME connects prospective tenants to landlords and facilitates transparent bidding for fair pricing of rentals.
It then collects, manages and guarantees all rental payments and deposits. Chief executive officer (CEO) Ben Shaw told Disrupt Africa that uptake has been “phenomenal”, and that HouseME was expanding its user base nationwide in spite of all its advertising spend focusing on the Western Cape.
“Already half of our clients are located elsewhere. Our month-on-month growth speaks to how quickly we’ve gained traction, and we average a bidding upside of nine per cent – which is great ammunition to use against archaic property players who believe that they know the market better than a tech startup,” Shaw said.
HouseMe, in fact, has just under 1,400 landlord clients already, with Shaw saying its 2.5 per cent monthly pricing model showcased exactly the type of efficiency technology brings to traditional industries, for a fraction of the cost.
“HouseME offers security to both tenants and landlords by eliminating counter-party risk and reducing points of contact to one, single platform,” he said.
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