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RentCrowdy: Nigeria first rent investment platform

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RentCrowdy is an investment asset class brought to you by Kwaba (Nigeria’s premier rental financing platform). RentCrowdy creates a very simple, affordable and effective way for people to invest in the rental market. RentCrowdy raises funds from people to help pay rent for the low-middle income earners in Nigeria with the promise of decent returns at the end of each tenancy period.

Every investment on RentCrowdy is held in trust with ARM asset management company, Nigeria’s largest non-bank financial institution. This makes all investment on the platform save.

What is RentCrowdy Investment Offer?

RentCrowdy is a rent investment platform that collect funds from people to help pay rent for the low-middle income earners in Nigeria with the promise of decent returns at the end of each tenancy period.

On RentCrowdy you can invest with as low as N50,000 for a minimum duration of 12 months. Depending on the amount you invest, you can get interest rates between 12%-24% per annum. The platform also has an investment calculator for easy calculation of interest.

Investors can withdraw their interest accrued on their investment every 3 months. As their investment is used to help pay peoples rent, but the principal or Investment capital can only be withdrawn after 12 months of beginning the investment.

RentCrowdy also made it possible for Investor to have multiple investments on RentCrowdy. Just click on the ‘Invest now’ tab to add other investments to your portfolio.

RentCrowdy also provide comprehensive insurance cover over job loss or death on all rent payments on the platform.

Features and Tools on RentCrowdy

Investors Wallet:
Investors personal wallet is contains investors necessary information such as Investment plan selected, amount invested, Investment duration and return. To get this wallet you have to sign up to create an account on rentcrowdy.com .

Affordable Investment
Investors can invest with as low as ₦50,000 on RentCrowdy to help a renter pay their rent.

Earn high return
Earn between 12%-24% on your investment depending on the volume.

Calculate ROI
Investors can calculate their return using the customized return calculator on the platform.

Playoff
Investors invested funds plus interest accrued will be credited to your investor wallet monthly. Withdraw or reinvest after each tenancy period.

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Fin-Tech

Nigerian Core Banking Provider Appzone Secures US$10 Million Funding

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Appzone, a Pan-African fintech programming supplier building exclusive answers for the mainland’s banking and installments businesses, has declared the end of its US$ 10 million Series A round. 

The round was driven via CardinalStone Capital Advisers with support from V8 Capital, Lateral Investment Partners, Constant Capital, and Itanna Capital Ventures. 

Appzone said that the new round will reinforce interest in its center advances and the opening shot an influx of new nation extensions. 

Right now, Appzone’s customers spread across Nigeria, Ghana, Gambia, DRC (Democratic Republic of Congo), Tanzania, Senegal and Guinea. 

Until this point in time, the organization has allegedly brought US$ 15 million up in value subsidizing.

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Fin-Tech

Flutterwave lands veteran to lead government and regulatory affairs

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Flutterwave has selected Oluwabankole Falade as its Chief Regulatory and Government Relations Officer. 

Falade joins Flutterwave from a comparative job at IHS Towers, the Nigerian organization that possesses 29,700 telecom towers across nine nations in Latin America, the Middle East and Sub Saharan Africa. 

Prior to IHS, he went through 10 years at MTN in different government and administrative warning jobs, and four years addressing VISA in discussions with West African controllers. 

In naming an administrative lead with expansive industry experience, Flutterwave communicates an energy for more profound commitment with African governments. Like other private associations, tech organizations need to reply to the established specialists any place they work. 

The obligation is apparently seriously squeezing and delicate if the organization works in the monetary administrations industry, where shopper security and misrepresentation avoidance are government needs. 

At the point when the organization declared its $170m Series C in March, he cheered the Central Bank of Nigeria for being “at the bleeding edge of the huge endeavors that are at present being made by African governments to establish the empowering climate for innovation, advancement and monetary consideration.” 

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Fin-Tech

Nigerian Car Financing Fintech Raised US$23 Million Series A

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Nigeria-settled portability fintech startup Moove has raised a Series A series of US$23 million, as per an assertion. 

Speedinvest and Left Lane Capital drove the round. In the interim, various taking part financial backers additionally contributed, including UAE-based KAAF Investments and Spartech Ventures. 

From the US, this included DCM, Clocktower Technology Ventures, Tekton, FJ Labs, Palm Drive Capital, and Class 5 Global. 

LocalGlobe and existing supporter Emso Asset Management from London additionally took an interest in the round, as did Singapore-based Roka Works. 

Africa-centered Verod Capital Management and Kepple Africa Ventures additionally added to the subsidizing round, alongside Co-originator of Lendable Victoria van Lennep and thelatest.ventures. 

The financing brings Moove’s complete capital raise to US$68.2 million, of which US$40 million is obligation. 

The venture was a first Africa startup bet for large numbers of the US-based financial backers, the assertion said. The organization will utilize the subsidizing to grow to new business sectors, and dispatch new items and administrations.

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