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Home ยป INVESTMENT: Fragvest Secures $350k Pre-Seed

INVESTMENT: Fragvest Secures $350k Pre-Seed

โ€ฆ Makes real estate accessible to Nigerians

Staff Writer by Staff Writer
February 20, 2025
in StartUPs
0
Fragvest founders
R-l: Tomiwa Olaifa, co-founder, Fragvest and Bayo Durodola, Co-founder/Managing Director, Fragvest.

R-l: Tomiwa Olaifa, co-founder, Fragvest and Bayo Durodola, Co-founder/Managing Director, Fragvest.

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Fragvest, an innovative real estate investment platform, recently secured a $350,000 pre-seed investment from Sthenic Finance & Advisory Limited, marking a significant milestone in its mission to democratize property ownership in Nigeria.

This funding will drive product expansion, user acquisition, and technological advancements, further solidifying Fragvestโ€™s position as a key player in Nigeriaโ€™s emerging proptech landscape.

By leveraging its fractional ownership model, Fragvest is breaking down the traditional barriers to real estate investment, enabling everyday Nigerians to own a share of high-value properties for as little as โ‚ฆ10,000.

This approach makes real estate as accessible and affordable as buying stocks, allowing individuals to co-own luxury apartments, commercial spaces, and shortlet properties in prime locations across the country.

The process is simple and user-friendly. Investors can browse curated properties on the platform, purchase fractional stakes (called โ€œfragsโ€) based on their budget, and earn a share of rental income as the property generates revenue. If the property appreciates in value, investors can sell their frags at any time for potential profit. Fragvest also handles all property management, ensuring a hassle-free experience for investors.

โ€œWeโ€™re breaking the myth that real estate is only for the wealthy,โ€ says Tomiwa Olaifa, co-founder of Fragvest. โ€œWith Fragvest, everyday Nigeriansโ€”Gen-Zs, freelancers, salaried workers, and even those in the diasporaโ€”can own a share of real estate and earn rental income without ever lifting a brick.โ€

The platform is specifically designed to empower young professionals who have disposable income but lack the capital or expertise to invest in full properties.

โ€œOur mission is clear: to make real estate ownership accessible to all. Too many young professionals earn well but struggle to navigate smart investment opportunities. At Fragvest, we aim to bridge the gap between their income and sustainable, long-term wealth creation,โ€ says Bayo Durodola, co-founder/managing director, Fragvest.

Fragvest is already gaining significant traction in key cities like Lagos, Abuja, and Port Harcourt, offering premium properties such as The Rock Apartment, a โ‚ฆ180 million shortlet property available for co-ownership. With 100 sales agents onboarded to drive property sales, the platform is not only transforming how Nigerians approach real estate but also creating a pathway for inclusive economic growth.

As proptech adoption grows across Africa, Fragvest is betting big on a future where anyone, regardless of financial status, can build wealth through real estate. Whether youโ€™re a young professional, freelancer, or diaspora Nigerian, Fragvest offers a simple, stress-free way to own a piece of prime real estate and secure your financial future.

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