Ghana’s meQasa, an online real estate marketplace where homeowners, sellers, and real estate agents and professionals connect with home buyers and renters has closed a $500,000 investment from Malaysia’s Frontier Digital Ventures, a which has also invested in Afribaba, CasaMozambique, CarWangu, Kupatana among others.
meQasa provides the easiest way to rent, buy, or sell property in Ghana and aim to replicate this all over Africa and the world.
In a statement, Frontier Digital Ventures CEO, Shaun Di Gregrio said, “The combination of our own online classifieds experience across emerging markets, along with meQasa’s passion and commitment, makes for a powerful combination and opportunity to build an industry leading business in Ghana and beyond.”
Founded in Ghana in 2013 by Kelvin Nyame, Rashad Seini and Kofi Amuasi, meQasa is an alumnus of Ghana’s Meltwater Entrepreneurial School of Technology. Frontier Digital Ventures had been in talks with a number of firms in August and in September invested into DRC’s Carwangu.com, an automotive portal and according to DEALSTREETASIA the firm typically invests between $500,000 to $5 million.
Carwangu.com is run by Internet Ventures Congo, which also runs Jobwangu, foodwangu, hotelwangu, lovewangu among other digital ventures. Shaun Di Gregorio said the firm is targeting a portfolio of 30 companies, with 15 deals sealed mid-2015.
Recently meQasa.com launched Design Accra, an expert panel discussion exploring new visions in home design featuring industry leaders wsuch as Hamoude Quartey, international architect and project manager of Olma Colonial Residences, Jeffrey Adu, Business Development manager at DevTraco, and Leslie Ado.
Design Accra aims to celebrate new visions in home design in Ghana as well develop a centralised database for real estate professionals throughout the country inpartnership with GREPA.
meQasa’s vision to innovate Ghana’s real estate industry with technology includes in collaboration with GREPA, the development of a Multiple Listing Service (MLS) platform which is essentially a centralised database that provides a system of cooperation among real estate professionals and a consolidated property information database which currently does not exist in Ghana.