Fragvest, a pioneering real estate investment platform, has secured $350,000 in pre-seed funding from Sthenic Finance & Advisory Limited. This investment marks a key milestone in Fragvest’s mission to simplify and expand access to real estate ownership for Nigerians. The funds will be used to enhance product offerings, scale user acquisition, and advance the platform’s technology, strengthening its presence in Nigeria’s growing proptech sector.
By utilizing a fractional ownership model, Fragvest is lowering the traditional barriers to property investment. Nigerians can now invest in high-value real estate with as little as ₦10,000, making property ownership as accessible as stock trading. The platform enables users to co-own luxury apartments, commercial spaces, and short-term rental properties in prime locations nationwide.
The investment process is straightforward. Users browse curated properties on the platform, purchase fractional stakes ("frags") according to their budget, and earn rental income as the property generates revenue. If the property appreciates in value, investors can sell their frags for potential profit. Fragvest manages the properties entirely, ensuring a seamless investment experience.
“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.”
Designed for young professionals with disposable income but limited capital or real estate expertise, Fragvest bridges the gap between earnings and long-term wealth creation. “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,” says Bayo Durodola, Co-founder and Managing Director of Fragvest.
The platform is gaining momentum in major cities like Lagos, Abuja, and Port Harcourt, featuring high-value properties such as The Rock Apartment, a ₦180 million short-term rental property available for co-ownership. With 100 sales agents onboard to facilitate transactions, Fragvest is not just reshaping property investment but also contributing to broader economic inclusion.
As proptech adoption accelerates across Africa, Fragvest envisions a future where anyone—regardless of financial background—can build wealth through real estate. Whether you're a young professional, freelancer, or a Nigerian in the diaspora, Fragvest offers a simple and stress-free way to own a share of prime real estate and secure financial stability.
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