How Leon Ifayemi Built SPCE: A Proptech Startup

After graduating from the University of Leicester, Ifayemi set out on a career in finance, working for Deutsche Bank before moving to Barclays and also Edmond de Rothschild.


While his experience in these positions gave him a precious sapience into the world of finance, more importantly, it opened his eyes to the vibrant community of spanning UK businesses at the forefront of invention.

And this window into business reignited an idea he ’d been thinking about since university.

While in his alternate time of study, Ifayemi worked as a student minister helping connect students with landlords and rental accommodation. And it wasn’t long before he realized just how inefficient and clumsy the process was for students moving from halls into private accommodation.

Determined that there must be a better, digital solution that millennials could get before, Ifayemi quit finance to partner up with co-founder Omar Fahmi (a seasoned designer who ran his own brand design consultancy) to launch SPCE.

The app connects students and landlords together while automating the entire rental process, from the property search to the signing of contracts.

And it’s clear that the app has struck a chord.

Having exceeded its crowdfunding target on Seedrs to raise £280,000 – with a stunning 82% of the rounds secured within 24 hours of the campaign launching –

Ifayemi feels more confident than ever that other people love the idea of SPCE as much as him.

Moreover, crowdfunding has enabled the young entrepreneur to surround himself with a group of investors suitable to share not just funds but knowledge and advice to help propel the business forward.

Now in the midst of a Series A round, Ifayemi has big intentions for the app in the coming many years.

By 2025, he wants SPCE to “become a globally recognized app for students on the hunt for their next rental property”.

You can check him out here

SPCE Startup
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