Seso Global, a Nigerian propertytech startup, has secured a $600,000 pre-seed funding round from Kepple Africa Ventures, Rising Tide Africa, and Moabi Group. Angel investors including Ibrahim Sanga, Albert Essien, and Jamie Broderick also joined the funding round.
The startup will use the financing to scale operations in its three existing markets and promote the adoption of its new PropOS CRM platform for property developers working across Africa. It will also start preparing for its seed round, which will finance expansion into further markets.
Seso Global was launched in 2019, it is present in South Africa, and Ghana and utilises blockchain technology to solve the inability to secure lending to buy or rent properties in emerging economies.
The propertytech firm has a customer relationship management (CRM) portal that enables property developers, agents and governments to manage their properties, documentation, and transactions on a secure blockchain database.
Once vetted, properties are listed on the Seso Global marketplace where clients can browse properties and interact with further service providers such as banks for mortgages and law firms for title registrations. It currently has over 80 property developers and 7,000 property units on the platform.
“The Seso Global platform is addressing the key challenges in the African real estate markets. I am confident they will make a major impact in housing access, a key issue across the continent,” said Essien, former group CEO of Ecobank Group.
