Obinna Okwodu is the founder and CEO of Fibre.ng, a real estate company looking to provide middle-income tenants with the option to pay monthly for rented properties.
Renting real estate in Lagos is a lot of hassle especially for the demand side. Landlords would typically demand 2 years rent upfront. Fibre set out to solve this problem and is growing fast in Lagos
Show Notes
Obinna Okwodu is the founder and CEO of Fibre.ng, a real estate company looking to provide middle-income tenants the option to pay monthly for rented properties. Renting real estate in Lagos is a lot of hassle especially for the demand side. Landlords would typically demand 2 years rent upfront. Fibre set out to solve this problem and is growing fast in Lagos. Obinna who is an MIT graduate and ex-Morgan Stanley Investment Bank analyst has been listed as Forbes as one of the most promising young entrepreneurs in Africa in 2018. In this episode you’ll learn: How and when Obinaa got the idea to establish Fibre.ng The previous he ran before Fibre Majority of Fibre’s market are the millennials. How did this happen? How do you build a solution for a particular age bracket? How do you validate your business idea? Obinna shares how they validated their idea using a flash page and a tweet There has been a shift in the problem Fibre is solving. What is it? What were the challenges they faced from property owners? How did they solve these challenges? How will they deal with the challenge of new competition? How to use data for predictive analysis when developing your product What are their expansion plans into other markets? Fibre.ng has raised a total of $800k so far. Find out what their plan is for raising money in the future What is the biggest pain point of this business? And more Selected Books from this episode Selected links from this episode
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