A Tech-Driven Approach to Land Ownership Transparency

In Nigeria, land ownership verification is complex, opaque, and often riddled with fraud. At TEDLab, my team and I set out to tackle this challenge with VerifyPro, a platform designed to map documented property rights to GPS coordinates—enabling buyers to verify land ownership before making transactions.


I’m Tomide Adeoye, a startup builder passionate about leveraging technology, strategy, and innovation to drive business growth across Africa.

📌 Let’s Connect:
🔗 linkedin.com/in/tomide-adeoye-828604129/
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1. VERIFYPRO
[email protected]
[phone]
We verify Property Rights to bring transparency to the
Nigerian Real-estate market

2. Problems
•Property ownership transfer in
Nigeria is rife with fraud.
•Due diligence in Nigeria is expensive
Real-Estate Fraud
Nigerian real estate is considered
a risky investment because of the
prevalence of fraud in the market.
Costly Litigation
The difficulty in accessing legal
documentation leads to fraud in real
estate transactions.
Intermediaries
The multiplicity of middlemen in
the property transaction. This
results in an Increase in
transaction cost, time, and loss
of investment.
Transaction Time
The current system for assessing
title ownership takes 90 to 180
days and the charge from
intermediaries is very high.

3. Whose
Problem?
Target Customer
Our audience are property owners seeking to represent their
authentic property ownership to banks and other sellers. We
also seek to serve financial institutions seeking to authenticate
documentation for collaterals provided by borrowers. We will
reach real-estate development companies, financial institutions,
law firms, the government, and property owners
Provides a general overview for
the audience of your presentation
Financial
Institutions
Private
Individuals
Law
Firms
Real-Estate
Firms

4. Solutions
Current
Our Solution
Hire Due Diligence
Firm
Upload property
information
on website
Validate title
documents
Send Report to
Customers
Send Report
to Customers
Validate title
documents
10 DAYS
90 - 180 DAYS

5. Time Saving
Our solution reduces the time taken in the
validation of title from 180 days to 10 working
days owing to our government partnership
01
Cost Saving
30% Cost saving compared to exiting
solutions because of our technology
adoption and government partnership
02
Convenient
Our solution allows anyone to conveniently
validates title documents from the comfort
of a web platform.
03
Solutions

6. Over 5 Million landed property transactions happen yearly in
Africa. These transactions are plagued by transparency and data
accessibility issues, high cost of development, transaction &
construction, & Land registry and administration inefficiencies.
TAM
$ 22 Billion
SAM
$ 9 Billion
SOM
$ 100 Million
Market Size
Source: KPMG Global Proptech survey, Commercial real estate financing fraud

7. Real EstateBase Case Software High case
80
70
65
50
Estimate of industry
margins vs company
marginsWe are a software company operating in the property tech industry.
Just like similar software companies, it has a low capital intensity.
Industry Gross Margin
Software: 71.59%
Real estate: 39.8%
Verify-pro’s Gross Margin
High case:80%
Base case: 65%

8. Market Growth & Investment
Source: KPMG Proptech report

9. Current Players

10. Competitor Offers
N50,000
Features
•Survey Coordinates search from the
land Registry.
•Court Searches.
•Genuine Title and documentation
search.
•Tracing of previous owners of the
property.
•Probate search.
•Company search.

11. Business Model
Our business model serves B2B and B2C. We receive payment from the customers which could either be in form
of a one-off payment or a subscription-based. The businesses can pay per ten transactions as often as they like.
Subscription Based
(200k)
One off Payment (30k)
1
2
Revenue Heads
Government Commission (15%)
Outsourcing fees
1
2
Cost Heads

12. Key Partners
•Department of
Records (Land
Bureau)
•Investors
•Banks
Key Activities
•Verification
•Data analysis
•Technology R&D
•Sales & Marketing
Key Resources
•Brand
•Team
•Data
•Digital land repository
Core process
•Inbound (Attract
Customers)
•Collect required
Data
•Process Verification
•Expedited Report
Customer
Relationships
•On-Demand
•Ease of Use
•Community Gathering
Channels
•Word of Mouth
•AdSense
•Social Media
•Offline Advertising
Customer Segments
•Private Individuals
•Banks
•Real Estate Agents
Cost Structure
•Cost of Sales
•Government Commission and
Outsourcing Fees.
Revenue Streams
•Subscription Model – 200k
•One-off Payment – 30k
•Advertising
Business Model Canvas
Operating Expenses
•Sales and Marketing
•Website and Database Expenses
•General Administrative Expenses

13. Value Chain Analysis
Primary
Activities
Support
Activities
Customers

14. Competitive
Advantage
Back Office Customer Facing
Technology
IP & Data
Product
Devt &
Innovation
Regulatory
Management
Customer
Experience

15. Competitive
Analysis

16. Strategic Initiatives Timeline
VerifyPro
2023 20242022 2025 2026

17. KPI monitor Q1 – Q4 Q1 Q2 Q3 Q4

18. Key Forecasted Metrics
Low Case
High Case

19. Valuations

20. Valuations

21. The
Team
Rachel Magaji
 Chief Product Officer (CPO)
 Chief Financial Officer (CFO)
 Chief Marketing Officer (CMO)
Timileyin Idowu
Temidayo AkinyelureWe have backgrounds and proven track
records in all areas that pertain to our
business operations
Mubaarak AbdulHameed
 Chief Operations Officer (COO)
•BSc. Civil Engineering
•Quality Control/Site Engineer
•Member ASCE, NICE
•BSc. Architecture, Masters in
Environmental Design
•Architect/Product Manager
•BSc. Economics
•Financial Advisory
•Fundraise lead and Data Analyst
Tomide Adeoye
 Chief Executive Officer (CEO)
•Bachelor of Laws (LLB)
•Software Developer
•Smart Contract Researcher
•BSc. Environmental Sciences
•Marketing Consultant
•Product Designer

22. Organization Structure
Occupied Positions
Expected Hiring in the next four
quarters
 COO  CMO  CPO
 CEO
 CFO  CTO
Finance
Manager
Customer
Relations
Software
Developers
2 2 3 2 4 4
1
2
Field
Support

23. Innovation
we believe the future is created by
those who invent today
Creativity
we challenge each other to build useful
product
Meaning
We create solutions that make real
impact in people's lives
Values
VISION

A world with guaranteed
property rights
01
Our mission is to enable easy
verification of property rights in
Africa.
02

24. Thank You
Address
NUTM, Landmark Village, Water Corporation, Victoria Island, Lagos
Telephone
[phone]
[phone]
Website
www.verify-pro.com
Thank you for reviewing our pitch decks. As next steps, you could patronize our company,
invest in us or link us with relevant stakeholders.
Thanks again.
We verify to bring transparency to the Nigerian Real-estate market

26. Speed
Reduced time of
getting report from
180 days to 14 days
Convenience
Customers don’t have to
spend time contacting
lawyers, agents,
government officials
Price
We offer a
discounted fee due
to economies of
scale
Customer Value
Proposition

27. Execution Plan & KPIs

28. Designed by:
M: [phone]
E: [email protected]
LinkedIn | GitHub | Website
Medium | Twitter
MERISLABSMERISLABSMERISLABS
M: [phone]
E: [email protected]
LinkedIn | GitHub | Website
Youtube
merislabs.com
TOMIDE ADEOYETOMIDE ADEOYETOMIDE ADEOYE