In Nigeria, finding a home to rent can often feel like a battle. Between hidden charges, multiple agent fees, and fraudulent listings, the process has become a source of anxiety for millions of renters. This is the chaos that inspired Housmata, a Nigerian proptech startup to launch.
Founded by Qudus Adedolapo Oyedeji and Akintoyese Awoyode, the startup wants to bring transparency and trust to the rental market. According to the founders, the company’s mission is to make renting as easy, secure, and efficient as shopping online.
In this edition of Techparley’s DRIVE100, where we explore impactful startups, we spotlight how Housmata is using technology to simplify renting homes in Nigeria.
“With Housmata, we’ve built a digital platform that makes renting simple and trustworthy. Tenants get verified listings, secure rent payments, and peace of mind with digital agreements. Landlords can onboard their properties, manage tenants, and track rent without stress,” Qudus told Techparley.
A Platform Built on Trust
At the heart of Housmata’s solution is its digital rental platform, which provides verified property listings, secure rent payments, and digital agreements, all in one place.
For tenants, it means convenience and peace of mind. For landlords, it offers an automated system for managing tenants, tracking payments, and eliminating fraud.
Among Housmata’s standout features are:
- Verified Listings: Every property is vetted to eliminate scams and fake listings.
- Digital Agreements: Secure, legally binding tenancy contracts signed online.
- Automated Rent Collection: Streamlined payments with instant receipts.
- Property Management Tools: Dashboards that help landlords monitor tenants and rental performance.
“We’re solving the pain of distrust, unnecessary costs, and inefficiency in the rental process. Housmata makes renting simple, transparent, and trustworthy.”
What You Need to Know
While traditional property sites such as PropertyPro, PrivateProperty, and MyKreeb primarily serve as listing boards, Housmata goes further by embedding the entire rental cycle into one ecosystem.
“At Housmata, we designed our platform to directly tackle the pain points of renting. Instead of wasting weeks dealing with agents and paperwork, tenants can now find verified properties, pay rent securely, and sign digital agreements all in one place. For landlords, we provide an easy way to list properties without the usual stress,” Qudus said.
This integrated model is Housmata’s unique value proposition, setting it apart in an industry still struggling with fragmentation and distrust.
Since its launch, Housmata says it has made impressive progress. The platform is already live with verified listings, and rental transactions have been successfully processed through its system.
The startup has also secured strategic partnerships with real estate companies, enabling direct onboarding of landlord listings.
The Team Behind the Vision
The strength of Housmata lies in the team’s complementary expertise, including:
- Qudus Adedolapo Oyedeji, CEO and Co-founder, brings years of experience in building digital solutions for African markets.
- Akintoyese Awoyode, CTO and Co-founder, leads the technological backbone of the platform.
- Mr. Akinwunmi Awoyode, with over a decade of real estate experience, serves as the company’s real estate advisor, ensuring the product remains practical and market-relevant.
- Barrister T.A. Ramon, legal advisor, oversees compliance with tenancy laws and regulatory frameworks.
Challenges and the Road Ahead
Building trust in Nigeria’s rental market hasn’t been easy. Property supply has also been a hurdle, without a strong pipeline of verified listings, even the most advanced platform falls short.
Housmata tackled this by partnering directly with real estate firms to guarantee quality listings. Digital adoption poses another challenge. But for the team, these challenges have become stepping stones.
In the next 6–12 months, Housmata aims to scale by onboarding thousands of tenants and landlords, expanding verified property listings, and integrating rent financing solutions to ease upfront payment burdens.
Over the next two to three years, the goal is to make Housmata Nigeria’s go-to platform for renting homes, offices, or shortlets nationwide. In the long term, the startup envisions becoming Africa’s leading rental ecosystem, serving millions across multiple countries.
“Housmata is more than an app,” says Qudus. “It’s a rental revolution. We’re building the future where housing is fair, transparent, and stress-free for everyone.”
What This Means
Despite the continent’s entrepreneurial energy, Qudus believes the biggest obstacle to Africa’s tech ecosystem isn’t a lack of ideas, it’s infrastructure and trust.
He adds that the uneven flow of capital, where flashy startups attract millions while solid ones struggle, hurts credibility.
In Nigeria, the real estate market is anticipated to achieve a value of $2.61 trillion by 2025. Analysts say this underlines the opportunity for a platform like Housmata to scale and also serve the country.
With Housmata, industry leaders say Qudus Adedolapo Oyedeji and his team are not just digitising property rentals, they are rebuilding trust in a sector where trust has long been broken. In doing so, they’re showing what’s possible when technology meets vision and execution.
Talking Points
It is impressive that Housmata has built a platform that brings trust, transparency, and efficiency to Nigeria’s rental market, addressing a major barrier tenants and landlords face: uncertainty and distrust in property transactions.
This single feature alone positions Housmata as a practical solution for real rental challenges, particularly for tenants navigating fraudulent listings and hidden fees, and for landlords managing payments and tenant verification.
At Techparley, we see how tools like this can digitally transform housing transactions, reducing stress and time spent on property management, while building confidence in a market long plagued by inefficiency.
As Housmata scales, there is an opportunity to explore partnerships with real estate associations, rent financing platforms, and government housing agencies, which could accelerate onboarding and deepen its presence across Nigerian cities.
With the right strategic backing, Housmata has the potential to become a catalyst for formalising and modernising the rental housing market in Nigeria.
——————-
Bookmark Techparley.com for the most insightful technology news from the African continent.
Follow us on Twitter @Techparleynews, on Facebook at Techparley Africa, on LinkedIn at Techparley Africa, or on Instagram at Techparleynews.
