Estate Manager is now VENCO! 🎉
Africa’s urban population is projected to grow from 547 million to 1.4 billion people by 2050. Given that land stock is fixed, housing for these populations is currently and increasingly delivered in communal, multi-family formats where residents must work together to ensure the upkeep and safety of their living environment.
Traditionally, these African communities have been managed using manual facilities management processes leading to inefficiencies in providing residents services such as collections, utilities vending, access control, communications, issue Management/tracking and many others.
Estate Manager was built to provide affordable and accessible solutions to these issues. Over the last three years hundreds of communities and thousands of households have used our platform to simplify their operations.
As part of our mission to help create ease for residential and commercial community dwellers, enable seamless property management and facilitate top-level security services enhanced by technology, we are proud to announce that the Estate Manager brand has taken a step forward, and has now become VENCO.
WHY ARE WE DOING THIS?
This name change is in line with our impact goal to provide excellent services to more communities in Africa, so that more people can experience a simplified way of living. Beyond estates, we also serve apartment blocks, gated streets, risk communities, IPPs (Independent Power Providers), malls and market places.
We’re upgrading our identity to reflect the broad audience we cater to. We assure you that our service delivery will be better, as our focus is to provide people with a comfortable, easy-to-use, and secured platform for all transactions within their residential and commercial communities.
HOW ARE WE DOING THIS?
We’ve developed three Mobile Applications and a management dashboard that we’re certain will achieve our impact objectives, and even beyond.
- Resident Mobile App (for residents of Estates, gated communities, etc)
- Property Manager App (for property managers, landlords, real estate developers, etc)
- Security App (for security personnel overseeing security and surveillance for Estates, Gated communities, etc.)
All available to download for free on the Android and iOS app stores.
WHY VENCO?
The psychology behind this name is borne from our listening to multiple feedback from our beloved customers, and the awareness that our current service and product offerings has outgrown our previous name “Estate Managers”.
The name VENCO encapsulates all that we currently are as a company, and other goals we intend to achieve as a brand, with respect to our promise to always deliver value to our customers, at every point of their interaction with us.
WHAT DOES THIS MEAN FOR YOU?
First, the name change to VENCO will introduce a significant update to the VENCO Admin app. While the previous version of this app was limited to managing access to estates, the new version will allow Facility Managers to view occupancy status, manage issues received from residents and view outstanding receivables in addition to access control.
Under VENCO, existing apps such as the Resident and Security app will also get significant updates, including improved visitor management, better clearing of demand notices against payments and multiple bi-weekly feature improvements. The set of VENCO apps and tools now available for FMs, residents and security personnel will help to truly simplify living in estates.
WHY NOW?
Rapid growth in urban populations across Africa is leading to increased real estate development in communal formats. With increasing technology adoption within the population, there is a greater demand by service providers and consumers in the real estate space for tools that reduce their cost of service delivery and increase convenience.
Our experience operating in the real estate sector as Estate Manager for the last 3 years has more than readied us for this journey we’re embarking on, as we have been in direct contact on a day-to-day basis with the individuals who’ve been and are still affected by the issues and challenges that emanate from this sector. Given these deep interactions with our wide customer base, we’ve been able to develop tools and best-practices that increase productivity and service quality for facilities managers and residents respectively.
However, beyond solving facilities management problems our true passion is solving problems for the households that are in the communities being managed. This means breaking out of the PropTech space by bringing embedded finance solutions to households. Landlords, tenants and other stakeholders in our communities should be able to make use of embedded finance tools to access everything from loans for rent, to BNPL for household consumables to financing for household equipment. This is why we have become VENCO. Household spend is a key economic driver and the daily use of our apps by households presents a great opportunity to improve their lives with embedded financial solutions.
We’re highly motivated by this and are ready to solve these problems for even more communities in Nigeria, as our impact goal is to create a simplified living experience for everyone and anyone, living or working in residential and commercial communities across Nigeria.
It is easy for us to be excited about the future, and we’re certain you are too. Thank you for being part of our success story, we couldn’t have come this far without YOU!
Cheers to the exciting journey ahead!
Cheers to impact solutions!!
Cheers to excellent service delivery!!!
Team VENCO.
Get social with us:
Twitter: https://twitter.com/vencohq
LinkedIn: http://www.linkedin.com/company/venco-hq
Instagram: https://instagram.com/vencohq
