We are excited to be investing in Chekam, a prop-tech company that is revolutionising the way individuals and agents/landlords gather data and intelligence about properties. The global prop tech market is growing at a fast pace, with an estimated market size of $269.92 billion by 2025. The need for innovation in this industry is clear, and we believe Chekam has the potential to lead the way.
Charles, the founder, has deep knowledge and expertise in the prop tech industry, having worked in the industry for several years. We are impressed with his vision and passion for using technology to improve the property market.
By leveraging artificial intelligence and data analytics, Chekam is well-positioned to provide a platform that enables individuals and agents/landlords to make data-driven decisions about properties. This will not only save time and resources but also provide a level of accuracy that is currently missing in the market.
We are confident in Charles and his team's ability to execute their vision and create a valuable platform that will transform the prop tech industry.
The Problem
Painful search for a property to rent
The average house hunt in Nigeria takes 3 months of stress, several payments to agents leading nowhere and incurred logistical costs that tend to lead no where
Payment fraud
High chances of rental payment made to the wrong account holder leading to renters losing money in the search process
Landlord-Tenant Fit
Landlords don't want to give out their properties to the wrong tenant. Most background check services are cumbersome and expensive leaving Landlords to rely on familiar social trust system of only letting out their properties to tenants from their own tribe or state of origin as a quick filtering system.
Their Solution
Chekam is building a platform that offers individuals looking to rent or buy property, a data driven approach to finding the right property at the right price with the benefits of making payment through a secured channel and accessing capital for rent or mortgage financing.
Their Traction so far
The company is still in it's concept stage but currently have an MVP launched and being tested.
