HouseAfrica secures $400K funding to simplify property transactions in Nigeria

Acquah Nana Yeboah -

Nigerian proptech startup HouseAfrica has secured $400,000 in funding to support its real estate digitalisation and transparency tools, deepen the company's technology and expand its team.

The Nigerian firm's flagship product, sytemap.com, combines blockchain technology and maps to create a private land registry, simplifying buying and paying for properties while enabling instant land transaction authentication.

More than 100 real estate companies, including AlphaMead and Leadway Properties, already use the system.

The firm is backed by investors including Future Africa, SSE Angel Network (SSEAN), ARM Labs, CV VC, Startupbootcamp Afritech, Niche Capital, Rebel Seed Capital and others.