In the rapidly evolving landscape of urban housing management in Ethiopia, Efoy Plus (My Community) emerges as a transformative solution addressing critical inefficiencies in community administration.
At its core, Efoy Plus offers a comprehensive three-phase community management system designed to revolutionize how residential communities operate. By integrating financial management, housing marketplace functionality, and advanced community tools, the platform seeks to overcome traditional barriers that have long hindered efficient property management and resident engagement.
The market potential is substantial, with a target audience encompassing 18,650 communities representing approximately 1.5 million households.
Efoy Plus has already demonstrated promising initial traction, onboarding 40 associations during its pilot program and securing strategic partnerships with key players like Telebirr for payments, Ethio Telecom for SMS services, and established banking institutions.