Investors
Invest in Nigeria's
rental future
Flatmates Nigeria is the fastest-growing residential rental marketplace in West Africa. We're building the infrastructure that connects millions of Nigerians to safe, affordable housing - and we're just getting started.
Traction
Key metrics
5,200+
Verified listings
28,000+
Registered users
6
Cities active
₦850k
Avg. booking value
34%
MoM listing growth
4 days
Avg. time to room
Investment thesis
Why this market, why now, why us
₦4.5 trillion addressable market
Nigeria's formal rental market is chronically underserved. Over 11 million people rent in urban Nigeria with no trusted platform to help them do it safely.
Network effects compounding fast
More verified hosts attract more quality renters - and vice versa. Our matching quality improves as the dataset grows, creating a durable moat.
Trust is the product
We verify every host with BVN/NIN, escrow rent payments, and back renters with our Flatmates Guarantee. In a market defined by distrust, trust is a competitive advantage.
Multiple monetisation paths
Host subscription tiers, booking fees, escrow float, tenant screening APIs, and a growing B2B pipeline for corporate housing. We've just activated the first two.
The team
Operators with proof of work
Adebayo Okafor
Co-founder & CEO
Ex-Jumia, Lagos Business School MBA
Chisom Nwachukwu
Co-founder & CTO
Ex-Andela, 8 years distributed systems
Funmilayo Adeyemi
Head of Growth
Ex-Paystack growth team
Emmanuel Bassey
Head of Operations
Ex-Airbnb Africa launch team
Interested in investing?
We're raising our Series A to accelerate expansion across West Africa. If you invest in African proptech or fintech, we'd love to share our deck.
investors@flatmates.com.ng