Photo - HouseAfrica
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HouseAfrica

Nigeria
Market: Real estate, Blockchain, Virtual and Augmented Reality
Stage of the project: Operating business

Date of last change: 21.09.2021
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Idea

We building a blockchain-based property record system to help homebuyers and financial institutions access verified properties starting from property virtualization (Sytemap.com)

Current Status

We have currently recorded 10,000+properties.
Revenue of 40,000USD
Signup 8 Real Estate Developers. (30 already ready to join)
Signed exclusive partnership Nigeria Mortgage Refinance Company (NMRC).
Secured access to NMRC’s 27 Banks.
Secured partnership with Nigeria
Institute of Estate Surveyors and Valuers (NIESV) with 16,000 members.
Grown our social media to 6000+

Problem or Opportunity

After the loss of 18,000 Dollars to land fraud due to no modern property record system and 95% of lands in Nigeria alone does not have a good title. this also made the amount of capital trapped in residential real estate increase to $900B.

Solution (product or service)

We are building a blockchain-based property information system to help home buyers and financial companies access, view verified properties starting from Real Estate Project Virtualization. (Sytemap)

Business model

Currently, we charge Estate Developers 22USD per estate project
1% commission for every mortgage completed on the platform

Incubation/Acceleration programs accomplishment

Startupbootcamp
ARMLabs
Hill Justice
Crypto Valley Venture Capital Labs (CVVC Labs)
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