Kenyan Proptech Startup Silqu Develops Advanced System to Simplify Property Management
Founded in 2021, Silqu is a Kenyan proptech startup that has developed an innovative system to simplify property management using cutting-edge technology and expertise on the African market.
Streamlining Property Management with Automation
Silqu helps property owners and managers improve their efficiency and profitability by automating key tasks. The platform offers a range of features, including:
- Automated reconciliation and payment processing
- Tenant management
- Rent collection
- Service charge management
- Mass SMS notifications
- Robust security features
All of these features are designed to make property management more efficient and effective.
Identifying a Market Gap
According to Bramwel Kipkosgei, co-founder of Silqu, the traditional property management sector was characterized by manual processes, inefficiencies, and a lack of transparency. There was a clear need for a technological solution that could rationalize operations and improve overall efficiency.
Self-Funded and Growing
Silqu has acquired a solid user base, demonstrating strong market demand. The startup has formed key partnerships with payment gateways, accounting software providers, and real estate associations to enhance its platform and expand its reach.
Expanding Across Kenya and Beyond
Silqu has expanded to several cities in Kenya and has introduced new features, such as a mobile app, advanced reporting, and a tenant portal, based on user feedback and market trends. While the startup is currently based in Nairobi, Kenya, it has long-term plans to expand to the rest of Africa.
By providing an innovative solution to the traditional property management sector, Silqu is poised to revolutionize the way property owners and managers operate in Africa.
