Housing is expensive. This startup helps young people find good housemates to share expenses with.
For young people around the world, housing costs are a significant challenge. Nowhere is this more true than in the large cities of West Africa, where the cost of renting an apartment has skyrocketed in recent years. Young people often can’t afford their own place, and are nervous about sharing a place by moving in with strangers.
A young entrepreneur in Abuja (the capital of Nigeria) is working to address this challenge with a new digital platform called Millennial Living. The founder, Oraibi Imabibo, is passionate about helping people her age to find compatible housemates to share living expenses.
“The way people currently do this”, says Oraibi, “is often just to send out a Tweet that they are looking for roommates”. But that’s a pretty random approach, and she wants to build a smarter, better, safer, and more reliable way of finding compatible roommates.
The Millennial Living platform is much like a dating app — you fill out your preferences, where you currently live, where you want to live, what matters to you, what your deal-breakers are in a housemate, etc.
And then their AI engine goes to work for you, matching you with compatible people who are also looking to share housing. Plus the Millennial Living app helps you and your future housemates with the house-hunting process, and helps you are share living expenses once you get settled.
All over the world today, young people are building digital platforms that solve old problems in new ways. Needing to find a housemate is a problem that has been around for a long time, but it’s a problem that has extra urgency in today’s urban housing markets and Oraibi Imabibo is solving it with a modern, digital solution.
Millennial Living will be presenting at Demo Day for the 4thly Startup Accelerator on April 7th. Request an invitation here.