Kenya: AlphabloQ simplifies real estate investments

By : Adoni Conrad Quenum

Date : lundi, 06 février 2023 15:38

Real estate is one of the fastest-growing sectors in Africa. However, it is sometimes hard for newcomers to enter the field. This is why some tech entrepreneurs developed a digital solution to facilitate investments.

AlphabloQ is a digital solution developed by a Kenyan startup to help Kenyans easily invest in the real estate industry or buy properties.

"We are making real estate investments accessible and profitable for investors like yourself. In a few simple steps, you too can begin building long-term wealth and generate passive cash flows monthly," the platform indicates.

Currently, the solution has no mobile app. Users can nevertheless access its web platform and create an account either as an investor or a seller.

Investors can browse the available properties and check the monthly cash flow they can expect. As for sellers, they can notify the startup of the properties they want to sell. The solution also facilitates exit from real estate investments by buying or selling tokens that represent fractions of real estate properties.

In January 2023, it was selected, along with 11 African startups, to take part in the acceleration program ARM Labs Lagos Techstars. The selection entitled it to up to US$120,000 in equity financing and additional support.

Adoni Conrad Quenum

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