Nigerian proptech startup Seso Global has raised $600,000 on a pre-seed funding round as the company plans on expanding its business and building strong initial traction to challenge Salesforce in emerging markets, according to media reports. The funding round was led by Kepple Africa Ventures, Rising Tide Africa, and Moabi Group, as well as angel investors, Albert Essien, Ibrahim Sanga, and Jamie Broderick.
Launched in 2019, Seso has rapidly grown a customer relationship management (CRM) portal that enables property developers, agents, and government agencies to manage their properties, documentation, and transactions on a secure blockchain database. Once the property is verified, they are listed on the Seso marketplace where clients can browse properties and make new connections with other service providers like banks for mortgages and law firms for title registrations.
Albert Essien, former group CEO of Ecobank Group told the media, “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.”
Since its launch, the company has expanded rapidly. It has over 80 property developers and 7,000 property units on the platform. Additionally, the startup has started its pilot in South Africa in November 2019 and has also made its presence known in Ghana.
Seso Global will now use these funds to further expand its market presence and will increase its operations in its three existing markets. The startup is also going to launch its newPropOS CRM platform for property developers that will available across Africa. The company will also prepare for its seeding round which is expected to help the company expand further in the global market.
Image credits- Yara