Nigerian Seso Global raises $600k pre-seed Funding round
Nigerian prop-tech startup Seso has announced it raised $600k in pre-seed funding round as it bids to build on strong initial traction. Ventures that participated in the round include Kepple Africa Ventures, Rising Tide Africa, and Moabi Group, as well as angel investors Albert Essien, Ibrahim Sanga, and Jamie Broderick.
Seso was launched in Nigeria in 2019 and has since been able to develop 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.
The tech allows for verified properties to be listed on the platform’s marketplace where clients can browse properties and interact with further service providers such as banks for mortgages and law firms for title registrations.
The startup has been able to expand quickly in Nigeria’s economic space since launching its first pilot in South Africa in November 2019 and entering Ghana in May 2020. The startup currently has over 80 property developers and 7,000 property units on the platform.
The startup will use the financing to scale operations in its three existing markets and heavily 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.
Former group CEO of Ecobank Group Mr. Essien speaking on the startup said that the startup is able to address the challenges in the real estate market in Africa.
“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.