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Technology

Trio puts landlords, tenants under one roof with new app

Meta Capital MD Sila Obegi (right) with CFO Eugene Abungana.  PHOTO | DIANA NGILA
Meta Capital MD Sila Obegi (right) with CFO Eugene Abungana. PHOTO | DIANA NGILA 

Silas Obegi’s tech firm is focused on automating small and medium enterprises to reduce cases of missing invoices, receipts and bankslips.

Mr Obegi, his partners Eugene Abungana and his childhood friend Nelson Kamanda ran a poorly lit, small corner office in Nairobi.

But the trio saw an opportunity and invested Sh600,000 savings in a new enterprise called Meta Capital Limited.

They formulated a Property Management web platform (ePMS) that rolled out in late 2015 for 16 real estate players.

Other landlords signed up to access information on earnings, pending payments and occupancy rates as well as pending repairs on-the-go.

“Tenants no longer keep receipts but a password to their individual read-only rent accounts that is updated on realtime by property management firms. They have login rights to enter fresh information on payments, property status as well as receive suggestions from tenants,” Mr Obegi said.

ePMS eradicates paperwork but helps landlords know earnings, pending payments and occupancy rates as well as goodwill money held by a property management firm.

Meta Capital has 15 freelance sales executives and four permanent staff with the pilot phase earning them about Sh2 million.

“Our web platform will migrate office-based affair to a virtual operation.”

Mr Obegi caught up with his childhood friend Kamanda during  a Bloomberg Finance and Technology workshop in Nairobi and discussed starting a fintech firm.

Mr Obegi holds a Business Management degree while Mr Kamanda and Mr Abunanga are Commerce graduates.

To solve buildings’ access security challenges, the firm has formulated a Visitors Management Portal (eVMS) through which visitors enter details once and on repeat visits, they only confirms their identity from the platform to enter or leave.

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