HouseAfrica has announced the closure of four hundred thousand dollars ($400,000) in funding. Six years after its launch,…
HouseAfrica has announced the closure of four hundred thousand dollars ($400,000) in funding. Six years after its launch, HouseAfrica is one of the best startups in Africa, seeing to the reduction of land issues on the continent’s shores.
HouseAfrica developed Africa’s first blockchain-based land and property registry, minimizing the time lawyers, banks, and other stakeholders spend to query and register land titles.
Established in May 2018 by Nnamdi Uba and Ndifreke Ikpoku, HouseAfrica provides solutions to issues like duplicate land titles, low access to mortgages, and illegal sales of landed property. As seen in its official statement, the company also launched its flagship product, sytemap.com.
Sytemap leverages proprietary blockchain and map technology to create a private land registry, digitizing real estate project sitemaps. The product increases transparency and enhances trust by enabling instant land transaction authentication and growing sales for real estate companies.
Impressively, more than 100 real estate firms use Systemap; some of these firms include popular and reputable brands like AlphaMaed, Leadway Properties, and Bamboo. In 2020, Co-founder Uba Nnamdi said that HouseAfrica is bullish with far-reaching ambitions:
“Our solution is very scalable because most African, Asian, and Latin American countries have the same issues. First, we are looking to expand to other African countries, like Ghana, Kenya, Rwanda, South Africa, Tanzania, and Angola.”
Over the years, it has received considerable support from leading African and global investors such as Future Africa, SSE Angel Network (SSEAN), ARM Labs, CV VC, Startupbootcamp Afritech, Niche Capital, Rebel Seed Capital, and others.