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Monthly rent wasn’t the wrong idea. The mistake was treating rent like consumer lending without the infrastructure that makes trust and affordability verifiable.
This proptech survived by avoiding ownership while also building a credit bureau.
Africa’s rental market is under pressure as proptech startups test monthly rent models against deep-rooted traditions. Can technology change how Africans pay rent, or will annual payments remain the norm?
Nawy acquires Dubai-based SmartCrowd to expand into the Middle East, marking a major African-Gulf proptech deal.
The acquisition will enable Transtura to launch its payment and marketplace solutions in the transportation sector.
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