Sytemap.com, a platform that increases trust and eradicates fraud in land and real estate transactions across Africa, has been launched by HouseAfrica, a proptech startup that offers tools for real estate digitization and transparency.
The business, which was established by Nnamdi Uba and Ndifreke Ikpoku, also disclosed the closing of $400,000 in funding from reputable African & international investors including Future Africa, SSE Angel Network (SSEAN), ARM Labs, CV VC, Startupbootcamp Afritech, Niche Capital, Rebel Seed Capital, and others.
Iyinoluwa Aboyeji of Future Africa said: “HouseAfrica is helping to create and digitize private land registries. I always thought it was only the public land registries that were slow, inefficient and murky until I heard about the experience of a friend who had to pay two different sets of people to buy land within a private estate. “I’m super excited about how by helping private landowners and estates digitize their land records they can start to help create transparency and value that should hopefully soon inspire government land registries to follow suit.”
A Look At What The Startup Does
Founded in 2019, there are three suites available for Sytemap, including Sytemap for Estate Developers, Sytemap for Buyers, and Sytemap for Realtors. It makes use of unique map and blockchain technologies to build a private land registry, digitising sitemaps for real estate projects to improve trust and transparency. In addition to increasing sales for real estate enterprises, it offers quick Land transaction authentication.
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Although Sytemap for Realtors makes it easier for more individuals to become digital realtors with little effort, Sytemap for Customers makes it simpler for customers to buy and pay for land or houses with confidence and without worry of being scammed. Ndifreke “Endy” Ikpoku, COO and co-founder of HouseAfrica, claimed in a statement that one of the co-founders was cheated in a land purchase, which motivated the team to create this.
“Close to 95% of lands in Africa do not have verifiable titles which expose genuine retail investors to fraud. Our solution enables buyers to make informed decisions when buying lands. Over 100+ Real Estate companies already use sytemap — including major brands like AlphaMead, Leadway Properties, Bamboo to mention a few. HouseAfrica founders, Mr. Nnamdi Uba and Ndifreke Ikpoku In a statement, Ms Amaka Udeh, Managing Director of Leadway Properties disclosed that “HouseAfrica mission aligns with ours especially as it ensures our clients enjoy the value of their real estate investments,” Ikpoku said.
HouseAfrica
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard