Frontier Digital Ventures backed property vertical Casa Mozambique, has signed a deal with Barclays Bank Mozambique to increase home ownership in the country, a first in the online real estate market in the country and various other markets.
According to Bryan Wester, Casa Mozambique’s founder and CEO the deal will fuel the country’s real estate sector by simplifying the home loans process. “We are delighted to partner with such a prestigious bank in Barclays, whose footprint is not only throughout Mozambique, but also Africa. The partnership allows both parties to reach a wider audience with a modernized approach in applying for home loans,” Wester said.
In July 2015, Propertymaputo.com received an undisclosed funding from Frontier Digital Ventures (FDV) to help consolidate its gains and extend its focus to cover the Mozambique real estate and revamp its product for the English speaking market. Casa Mozambique has expanded its business model from a simple property vertical to a more holistic market approach consisting of: online classifieds, print and digital media publishing, brokerage services, and event production.
