Top 10 Proptech Companies in South Africa

Top 10 Proptech Companies in South Africa

Over the last 10 years, the real estate industry has shown tremendous growth in every country. Even the drastic effects of COVID-19 lockdown were not able to disturb the market afterwards. In South Africa alone, the growth of the real estate market is expected to be at USD 18.01 billion in 2023. If the growing rate remains consistent then by 2028, the market’s evaluation is expected to be at USD 29.61 billion.

With the potential, the real estate market in South Africa holds, an opportunity lies for entrepreneurs and investors to set their foot into this industry. Entering the market at this time with the right strategy to add value, you stand a solid chance to set up your own startup. You just need to figure out a way to demarcate yourself from the pre-existing companies to genuinely help your target audience.

To get some idea on how you can achieve the same, here’s a list of the top 10 proptech companies in South Africa:

10.Ekaya

Founders – Justin R. Melville, Ruark Ferreira, Rudolf Vavruch

Founding Year – 2013

Headquarters – Cape Town, South Africa

Ekaya became quite popular among its users as soon as it entered the market. Ostensibly, the company offers an online platform to list rental properties. But the brand has more for its customers. It also allows them to know the credit score of their renters as well. This way one can make better choices when it comes to deciding on tenants.

By now, Ekaya has managed to raise a total funding of USD 130 thousand over 2 rounds. In order to know how Ekaya made the whole rental application process simpler, kindly visit their site here.

9.Private Property

Founder – Justin Clarke

Founding Year – 1997

Headquarters – Johannesburg, South Africa

Private Property has all the property related advice in one place. Whether the customer is looking to buy, sell, rent or invest, the company has got them covered. One also gets the feature of a Bond Calculator which makes it easier to calculate monthly repayment. In addition to this, an affordability assessment option is also given so users can make more informed choices. They are also making it easier for their customers by allowing them to find an agent or an attorney through their website. You can check more of their alluring services on their site here.

8.Prop Data

Founder – Scott Allnatt

Founding Year – 1999

Headquarters – Westville, KwaZulu-Natal, South Africa

The company has been helping its users to manage their property listings, customers, and potential leads, all at one place. Prop Data acts as a central hub for its users. It doesn’t matter if you list a property on your website or any other portals, it can be managed from this central hub. This has made the whole management process quite easier and hard to resist, especially if you’re an agency. They also offer their customers with SEO integration, inbound marketing, etc. about which you can read here in detail.

7.RentBay

Founder – Michelle Dickens

Founding Year – 2000

Headquarters – Johannesburg, South Africa

RentBay is an online platform for people to advertise their property for absolutely free. The company holds strong opposition against any kind of adverts. They claim no affiliation with any real estate agents or banks, keeping the whole process transparent. One can easily visit their website and list their property at no charge. The users are also offered a map-based interface to level up the search efficiency. The site provides its customers with search filters like desired location, property type & size, custom price bracket, etc. You can get to know more about the company here.

6.Rental Planet

Founder – Andrew Pfaff

Founding Year – 2018

Headquarters – Waterfront, Cape Town, Western Cape, South Africa

Rental Planet was founded by mining consultants who noticed an opportunity in difficulties faced in the real estate sector. For construction, the use of heavy machineries is a must. Most of the time, construction gets delayed because of the lack of availability of such machinery. So, Rental Planet basically connects a party which needs equipment to one who already has it. Understanding the criticality of machinery in the construction process enabled the brand to establish themselves in the market. To know more about how they’re managing the demand & supply ends, visit their website here.

5.Instant Property

Founder – Wayne Berger

Founding Year – 2017

Headquarters – Birnam, Johannesburg, 2196, South Africa

Instant Property has been a game changer since it set its foot into the real estate industry. It has been helping their customers with the digital transformation through their integration of technology and data into the system. Its specialized search results help people to find exactly what they are looking for. The company caters to everyone in the real estate industry including landlords, tenants, and brokers. If you’re interested to know how they made a place for themselves in the market, then their site here is a must to visit.

4.PayProp

Founders – Jaco van Eeden, Johannes van Eeden

Founding Year – 2011

Headquarters – Stellenbosch Central, Stellenbosch, 7600, South Africa

“Get more out of work. Get more out of life “the motto of PayProp defines it quite well. The company focuses on making the whole property management thing easier for both the tenants and landlords. Its seamless integration with the South African banking system allows users to monitor their transactions in real time. PayProp has been doing all the work for its customers to save them their time and hassle. Their modus operandi might be really startling for entrepreneurs about which you can analyze by visiting their site here.

3.Property24

Founder – JP Farinha

Founding Year – 2000

Headquarters – Newlands, Cape Town, 7725, South Africa

Property24 offers its customers to decide and finalize on properties available for rent and sale. In the last 20 years, the company has shown significant growth expanding its services to 8 countries worldwide. One can easily sign up for an account and start getting alerts for properties catering to their needs. It’s easier than ever for people with Property24 to get the value of any property in South Africa along with an extensively detailed report of owner information, history of transfers, aerial and map views, etc. To learn more about the company, check their website here.

2.TPN Group

Founder – Michelle Dickens

Founding Year – 2000

Headquarters – Rivonia, Sandton, 2128, South Africa

TPN came up with a quite interesting business model in the real estate market. It is simply a credit bureau which helps landlords to screen-test their tenants before lending them their property. The company also assists them in collecting rent every month. TPN made it simpler for landlords to manage their properties by letting them choose from thousands of tenants according to their needs. Now the company has also chosen to expand its services to schools and business owners applying the same working model about which you can learn from here.

1. Flow Living

Founders -Daniel Levy, Gil Sperling

Founding Year – 2017

Headquarter – Johannesburg, 2196, South Africa

Flow Living is a marketing platform for real estate agents and property developers. It provides one with all the tools necessary for social media marketing to elevate one’s business. The application is aimed at tenants, sellers, and buyers. Flow Living makes the whole process simpler for its customers by sending leads to their phones. One also gets the option to make their own agent’s profile on their website and run dynamic ads of the services provided to stand out further.

Visit their website here to know all about their enticing services.

Conclusion

The real estate industry in South Africa has shown a steady growth even during the coronavirus pandemic. The people who come under the age bracket of 20 to 34 constitute about 15.6 million of South Africa’s population. Among these, most are going to be the first time buyers stepping in the market. However, this isn’t all. Many are still seeing real estate as an investment asset to have a passive income. If you’re willing to start a real estate company which could provide value to the customers, you stand a fair chance at this point of time. You can research more such startups on PropTechBuzz.