Cribstock lets Nigerian investors buy fractional shares of rental properties starting at NGN 50,000, earning a monthly share of net rent automatically deposited to a digital wallet. The platform handles tenant sourcing, rent collection, and maintenance, offering passive real‑estate exposure and a five‑year co‑ownership term with optional cash‑out.
Funding
Funding not disclosed
Founders
Product
Problem
Many Nigerians, especially younger investors, lack the capital to purchase whole residential properties, preventing them from accessing rental income and long‑term property appreciation. Traditional landlordship also requires active management of tenants and maintenance, which deters passive investors.
Solution
Cribstock digitizes co‑ownership by allowing investors to buy fractional shares of rental properties in Lagos. Shareholders receive a proportion of the net monthly rent, distributed automatically to their Cribstock wallet, and can hold the shares for up to five years to benefit from potential property appreciation. The platform handles tenant sourcing, rent collection, and property maintenance, so investors earn passive cash flow without landlord responsibilities. Minimum entry amounts start around NGN 50,000, making real‑estate exposure accessible to a broader audience.
Target Audience
Primary customers are individual investors in Nigeria seeking passive real‑estate exposure, particularly young professionals and middle‑income earners who cannot afford full property purchases.
Features
- Fractional property shares enabling investment with as little as NGN 50,000
- Monthly distribution of net rental income (≈0.84 % per month) to a digital wallet
- Professional property management covering tenant relations, maintenance, and rent collection
- Five‑year co‑ownership term with the option to cash out at market appreciation
- Transparent performance dashboard showing rental yields and property value trends
- Secure digital wallet for payouts and easy withdrawal to personal bank accounts