Partment

Real Estate Technology, Marketplace, Real Estate

Author

Peniel Keme Kitoko
April 25, 2024 • Estimated Reading Time: 3 minutes

🌎🌍🌏| Africa Thursday

The Vacation Home of Your Dreams, at a Fraction of The Price.

  Problem

  • Market Potential: Despite the allure of vacation homes, only 1% of the population can afford them.

  • Challenge: High investment costs and limited use hinder second-home ownership.

  • Lacking Tool: Existing options lack hassle-free co-ownership and management facilitation.

    • Extra Barriers: Complex processes and high investment thresholds.

This issue's Startup equips aspiring second-home owners with fractional ownership solutions.

  Solution

Partment

Partment offers co-ownership of curated properties for diverse real estate portfolios.

How: Fractional ownership facilitated by a smart booking system and software.

  • Platform: Their platform enables easy investment and management of second homes.

  • Target: Individuals seeking second-home ownership without prohibitive costs.

  • Resolving: The efficiency gap in second-home utilization through co-ownership.

Product Demonstration

  Company Info

  • Industry: Real Estate Technology, Marketplace, Real Estate

  • Business Model: Marketplace for Property Co-ownership

  • HQ: Cairo, Egypt

  • Founding Year: 2022

  • Employee Count: 1-10

  • Investors: Plus Venture Capital, Nclude

  • Funding Amount: $1,500,000

  Traction

  •   15% of users own multiple shares on their platform

  •   Expanded from 2-3 to 10+ properties due to market demand

  •   Notable customer retention with 25% joining via referrals

  Competition Advantages

  • Innovative fractional ownership model

  • Seamless property management with a smart booking system

  • Strategic partnerships enhancing financial accessibility

  Founders

  • Nadim Nagui, CEO (Real estate background)

  • Ahmed El Raggal, COO (Operational expertise in real estate technology)

  • Chinmaya Das, CTO - (Technical background)

  Job Opportunities & Contact

  Why Invest by George

❝

Ooh-ooh-ahh-ahh, Partment helps multiple monkeys own shares of banana trees!

🐵

- George Capuchinski -

  Voices From Our Community (By George: Coming Soon 🍌)

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Cheers,

Peniel Keme Kitoko

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