targeting early-stage startups across sub-Saharan Africa, announced its investment in Nigerian rental financing startup, Kwaba. According to recent reports about 60 per cent of tenants will not be able to pay their house rents in Nigeria in the coming months due to the impact of the pandemic and its crippling effect on household income, jobs and earning powers of people in Lagos. Moreover, six out of every 10-renters will default on their rent payment or struggle to pay because they cannot pay.
Kwaba is looking to mitigate this by offering complete rental services to renters, for those in search of new apartments or those renewing their existing rent. It offers quick funds at affordable rates and renters can access further credit facilities to purchase properties…
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