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Sytemap is meant to enhance Land transactions transparency
HouseAfrica, a proptech Startup providing Real Estate digitalization and transparency tools for Property Developers and their Customers has announced the closing of Four Hundred Thousand Dollars ($400,000) in funding.
The company which was founded by Nnamdi Uba and Ndifreke Ikpoku also unveiled their 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 while growing sales for real estate companies.
Sytemap simplifies buying and paying for properties, enabling more people to become digital realtors effortlessly.
Over 100+ Real Estate companies already use sytemap – including major brands like AlphaMead, Leadway Properties, Bamboo to mention a few.
HouseAfrica is backed by leading African & Global investors like Future Africa, SSE Angel Network (SSEAN), ARM Labs, CV VC, Startupbootcamp Afritech, Niche Capital, Rebel Seed Capital and others.
Speaking about the raise, HouseAfrica CEO & Co-founder, Nnamdi Uba said the funding will assist the Startup to deepen its Technology and grow adoption and its team. He opined that “Close to 95% of lands do not have verifiable titles which expose genuine retail investors to fraud. Our solution enables buyers to make informed decisions when buying lands”.
In a statement, Iyinoluwa Aboyeji of Future Africa said, “ HouseAfrica is helping to create and digitize private land registries. I always thought it was only the public land registries that were slow, inefficient and murky until I heard about the experience of a friend who had to pay two different sets of people to buy land within a private estate. I’m super excited about how by helping private landowners and estates digitize their land records they can start to help create transparency and value that should hopefully soon inspire government land registries to follow suit.”
Similarly, Africa’s top Angel Investor & President of the African Business Angel Network (ABAN), Tomi Davies said, “By using innovative tech including block-chain to give land owners the capability to digitize their land records, land buyers begin to possess the ability to quickly verify and acquire properties privately from anywhere in the world, HouseAfrica presents a tremendous commercial opportunity with potentially significant social impact when adopted by the public sector.”
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