HouseAfrica, a real estate technology firm in Nigeria, has raised $400,000 in funding to provide real estate developers and their customers with tools for digitalization and transparency.
Future Africa, SSE Angel Network (SSEAN), ARM Labs, CV VC, Startupbootcamp AfriTech, Niche Capital, and Rebel Seed Capital are a few of the investors who support HouseAfrica.
Nnamdi Uba and Ndifreke Ikpoku launched HouseAfrica in 2019 with the goal of utilizing cutting-edge technologies to improve the efficiency and trust of the real estate sector.
In order to develop a private land registry, digitalize sitemaps for real estate projects, and enable quick land transaction authentication, Sytemap.com, the company’s main product, uses proprietary blockchain and map technology.
This increases sales for real estate businesses.
Sytemap, which is already utilized by over 100 real estate firms, makes the process of purchasing and paying for homes simpler, allowing more people to easily become digital realtors.
“About 95% of lands lack valid titles, putting legitimate ordinary investors at risk of fraud. According to HouseAfrica CEO and co-founder Nnamdi Uba, our service empowers purchasers to make knowledgeable selections while purchasing lands.
Iyinoluwa Aboyeji of Future Africa stated that before learning about a friend’s experience, who had to pay two different groups of individuals in order to purchase land inside a private estate, he used to believe that “slow, inefficient, and obscure” problems exclusively applied to public land registers.
The startup will use the fund to develop its technology, broaden adoption, and expand its workforce.
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Onepipe, a fintech startup based in Nigeria, has just closed a $4.8 million funding round.
Curacel, an insurtech startup in Nigeria, secures $3 million in seed funding
