DURBAN – Flow, a mobile app co-founded by Gil Sperling, Daniel Levy and Jonathan Liebmann has raised R20 million in South Africa’s biggest proptech seed investment to date.
Flow is setting out to revolutionise the rental space by rewarding good tenant behaviour and empowering millennial renters (commonly known as Generation Rent).
Kalon Venture Partners is the lead investor of R10 million, with co-investment of an additional R10 million from an international VC, which is in its final stages.
Funding will be used to accelerate the development of South Africa’s #1 app for tenants; to fuel growth and increase the base of tenants already using Flow; as well as to increase the range of rewards available to tenants.
Flow, the first app of its kind in the world, tenants (renters) across South Africa who download the app get rewarded for registering, adding their property details, paying their rent on time, looking after their homes, and much more.