Kwaba, a Nigerian real estate agency, has raised an undisclosed amount of pre-seed funding to facilitate expansion.
Founded by Obinna Molokwu in January 2020, Kwaba makes home financing easy by enabling savings via convenient monthly instalments and instant loan provision. The new fund will allow more people to access the fintech company’s solution.
Commenting on the new funding, Molokwu said: “Kwaba is helping to bridge the gap between property and finance. We understand the economic reality of Nigerian renters and have built our product to reflect this. We aim to improve the financial well-being of renters as we grow. For us, this new investment comes at a time when we are looking to strategically reposition and expand our services.”
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