Fragvest, a real estate investment platform, has secured a $350,000 pre-seed investment from Sthenic Finance & Advisory Limited, marking a significant milestone in its mission to democratize property ownership in Nigeria.
The funding, according to a statement, will drive product expansion, user acquisition, and technological advancements, further solidifying Fragvest’s position as a key player in Nigeria’s emerging proptech landscape.
By leveraging its fractional ownership model, Fragvest is breaking down the traditional barriers to real estate investment, enabling everyday Nigerians to own a share of high-value properties for as little as ₦10,000, the statement said. “This approach makes real estate as accessible and affordable as buying stocks, allowing individuals to co-own luxury apartments, commercial spaces, and shortlet properties in prime locations across the country.
“The process is simple and user-friendly. Investors can browse curated properties on the platform, purchase fractional stakes (called “frags”) based on their budget, and earn a share of rental income as the property generates revenue. If the property appreciates in value, investors can sell their frags at any time for potential profit. Fragvest also handles all property management, ensuring a hassle-free experience for investors”, the statement said.
“We’re breaking the myth that real estate is only for the wealthy,” says Tomiwa Olaifa, Co-founder of Fragvest. “With Fragvest, everyday Nigerians—Gen-Zs, freelancers, salaried workers, and even those in the diaspora—can own a share of real estate and earn rental income without ever lifting a brick.”
The platform is specifically designed to empower young professionals who have disposable income but lack the capital or expertise to invest in full properties. “Our mission is clear: to make real estate ownership accessible to all. Too many young professionals earn well but struggle to navigate smart investment opportunities. At Fragvest, we aim to bridge the gap between their income and sustainable, long-term wealth creation,” Bayo Durodola, of Co-founder/Managing Director, Fragvest further said in the statement .
Fragvest is already gaining significant traction in key cities like Lagos, Abuja, and Port Harcourt, offering premium properties such as The Rock Apartment, a ₦180 million shortlet property available for co-ownership. With 100 sales agents onboarded to drive property sales, the platform is not only transforming how Nigerians approach real estate but also creating a pathway for inclusive economic growth.
As proptech adoption grows across Africa, Fragvest is betting big on a future where anyone, regardless of financial status, can build wealth through real estate. Whether you’re a young professional, freelancer, or diaspora Nigerian, Fragvest offers a simple, stress-free way to own a piece of prime real estate and secure your financial future, the firm said.
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