
Smallsmall
A smart way to live and pay rent flexibly.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | $1.0m | Debt |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 115 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Smallsmall, formerly RentSmallSmall, is a Nigerian proptech company founded in 2018 by Tunde Balogun, Naomi Olaghere, and Pidah Tnadah. The company emerged from the founders' personal experiences with the challenges of renting in Lagos, particularly the difficulty of paying large upfront annual rents.
Smallsmall operates as a property technology platform that connects people to housing solutions. The company's business model is centered on providing flexible and on-demand home rental services. For tenants, Smallsmall offers the ability to rent properties with monthly payments, eliminating the need for large upfront deposits. This model makes housing more accessible and affordable for a wider range of people in Nigeria. For property owners, Smallsmall provides a SaaS-driven rental management solution that helps them manage their properties, screen tenants, and collect rent efficiently. The company also offers a service called "Stay," which provides furnished apartments for short-term stays.
In 2021, Smallsmall became the first African proptech startup to be accepted into the Techstars accelerator program. In 2022, the company secured $3 million in a seed funding round, with $2 million in equity and $1 million in debt. This funding has been instrumental in the company's expansion plans, which include growing its operations in Lagos and expanding to other Nigerian cities like Port Harcourt.
Keywords: proptech, rental solutions, property management, real estate, affordable housing, flexible payments, Nigerian market, tenant services, landlord solutions, monthly rent