Rise, a Nigerian fintech company, offering Nigerians access to dollar-based investment options with Risevest has expanded its investment offerings with “Managed by Rise”. Through this initiative, Risevest users are able to outrightly own property in the United States with Rise offering to undertake the full acquisition process from the initial purchase, eventual sale, tenant sourcing, property taxes and maintenance. Thereby, adding facility management to their list of services.

 

To acquire an offering, a minimum of $50,000 is required, with Rise charging a one-time procurement fee of 1% of the purchase price for users that opt for Rise to manage their property, then a monthly fee will be charged on the returns. However, for users only interested in acquiring a property through Rise, a one-time procurement fee of 3% of the purchase price will be charged.

 

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This adds more tech-driven real estate solutions to the Nigerian market

 

Through this service, Risevest is increasing the list of technology-driven real estate solutions in Nigeria – joining Estate Intel, Spleet, and Rent Small Small. Earlier this year, Kwik Technology also forayed into the proptech space through the introduction of KwikShelf, their on-demand e-commerce and warehousing fulfillment centre in Lagos. The introduction of real estate-adjacent solutions from non-proptech companies is testament to the wide-reaching nature of real estate. We anticipate the introduction of more unique solutions at the intersection of real estate, technology, and adjacent sectors.

 

Estate Intel loves your feedback! Let the Insights team know what you think about Risevest expanding its real estate investment offerings with Managed by Rise, by emailing [email protected].

 

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