Nigerian prop-tech startup Seso Global has raised a US$600,000 pre-seed funding rounds as it bids to build on strong initial traction to challenge Salesforce in property managing in emerging markets. Investors 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.
Founded in 2019, Seso has created a customer relation management (CRM) portal that enables property developers, agents and governments to manage their properties, documentation and transactions on a secure blockchain database. Once verified, properties are listed on the Seso marketplace enabling clients to browse properties and interact with further service providers such as banks for mortgages and law firms for title registrations.
Seso Global has established relationships with trusted mortgage banks in Nigeria and the UK to give its customers access to competitive mortgage rates. The startup’s current partners include FCMB UK Limited, Standard Chartered Bank & Homebase Mortgage Bank.
The startup has expanded beyond Nigeria, 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.
With the funds secured the startup will scale operations in its three existing markets and heavily promote the adoption of its new Propos CRM platform for property developers working across Africa. Seso Global will also start preparing for its seed round, which will finance expansion into further markets.
The startup creates trust among the stakeholders in a real time estate transaction. Seso provides property buyers with fast, simple access to trusted properties .Seso also enables its partners in financial services reduce their risk so that they can lend with confidence and increase financial inclusion. Additionally, Seso Global provides a secure platform for property service providers including professional lawyers, valuers and surveyors to promote their services to a wider clientele.
