South African PropTech Startup HouseMe Raises Additional Funding

By  |  November 26, 2019

Cape Town-based proptech startup HouseMe has raised an additional round of multimillion rands of funding from a large private fund. The fund is said to have had undertaken an extensive external consultancy project on the company, market and product before investing. This is the third round of funding the startup has raised in the last 17 months.

HouseME is a digital long-term letting platform that makes renting easy and accessible for both landlords and tenants. Using smart technology, the startup digitally coordinates the complete viewing, vetting, administration and payment process.

South African Proptech startup HouseMe

Ben Shaw, Chief Executive Officer of HouseME, says that the past few years have seen funding spend becoming more targeted to data insights, financial products and growth. “Earlier this year, we launched our hugely disruptive DepositFREETM product and we have another ground-breaking liquidity product in the pipeline for launch in early 2020.”

“This funding now helps position the company for Series-A investment, with a focus on data architecture, analytics and scalable growth strategies. Our collaboration with Gumtree at the end of last year raised our profile considerably, and the platform and team have grown substantially since that was announced,” says Shaw.

HouseME currently boasts a user base of 100 K and a collection rate of 99% – significantly higher than the national average.

Cross-Border Money Transfer In Africa: Is Bitcoin The Golden Silver Bullet?

 image

Journalism is broken in Africa


Help us build a narrative on African Business, Startups, Tech and Economy
Join us today to empower great story telling, one story at a time

Monthly Membership

$10

(billed monthly)

Access To 1 Month WT Membership

Access To Premium Newsletters For 1 Month

1 Month Access To WT's Content Archive

Access To WT's Conferences & Events

Access To All WT's Research Reports On Africa

Access To Podcasts, Video Content & Recordings

Subscribe Now
Popular

Annual Membership

$60

(billed annually)

Access To 12-Month WT Membership

Access To WT's Conferences & Events

Access To All WT's Research Reports On Africa

Access To Podcasts, Video Content & Recordings

Access To All Premium Newsletters

Unlimited Access To WT's Content Archive

Subscribe Now

If you are a Corporate or a Student, please reach out to us for subscription at [email protected]