SeSo Global, a Nigerian proptech firm, has secured a US$600,000 pre-seed investment round in order to build on excellent initial momentum and compete Salesforce in emerging countries. Kepple Africa Ventures, Rising Tide Africa, and Moabi Group, as well as angel investors Albert Essien, Ibrahim Sanga, and Jamie Broderick, participated in the round.
The funds will be used to expand operations in the startup’s three existing markets and to encourage the use of its newPropOS CRM platform for African property developers. It will also begin planning for its seed round, which will allow it to expand into other areas.
A Look At What The Startup Does
Seso is a customer relationship management (CRM) platform that allows property developers, agents, and governments to manage their properties, documents, and transactions on a secure blockchain database. It was launched in Nigeria in June 2019.
Properties are posted on the Seso marketplace after they have been vetted, where clients may explore properties and connect with additional service providers such as banks for mortgages and legal firms for title registrations.
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The business has swiftly moved outside Nigeria, with its first trial in South Africa beginning in November 2019 and Ghana following in May 2020. On the platform, there are presently around 80 property developers and 7,000 property units.
“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,” said Essien, former group CEO of Ecobank Group.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer