Landwey, a Nigerian property tech startup has acquired a 25% stake in Vistafront, a tech platform for co-funding real estate projects online.
The sum paid for the stake was undisclosed.
Vistafront was established to give people the opportunity to fund real estate projects from the comfort of their mobile devices and earn good returns at the end of the project cycle.
Commenting on the acquisition, Olawale Ayilara, the founder of Landwey said, “we are always proud when we spot opportunities for our clients and followers to be more involved in real estate projects that will give them the best returns for their money. We understand the need to continually evolve as we serve the industry. We are glad that with this partnership, we can fully support and encourage everyone to fund real estate projects.”
In his remarks, Segun Ajuwon, Managing Director of Vistafront says, “We have gotten a lot of positive feedback since we launched and we have plans to continue to launch new projects.
“For every project we feature on the site, we also have in place a strict vetting process carried out by our in-house team and our other partners like Nachtwey Advisory Services Limited, a SEC registered Asset Management company, Emerging Africa Capital Group, a licensed Trustee firm, and AXA Mansard, a trusted insurance company.”