Lagos, Nigeria & Dubai, UAE – Aug 20, 2025

Housinn, Africa’s innovative property marketplace, today announced a strategic partnership with global startup accelerator FasterCapital through its EquityPilot program. This collaboration aims to accelerate Housinn’s mission to revolutionize property search and secure real estate transactions across Nigeria and the broader African market by leveraging FasterCapital’s resources, expertise, and global network.

Addressing Africa’s Real Estate Market Inefficiencies
The African real estate sector, valued at $15.98 trillion in 2024, faces significant challenges including high agency fees, limited accessibility, lack of transparency, and security concerns that hinder property transactions. Nigeria alone accounts for $2.42 trillion of this market, yet inefficiencies persist, costing buyers, sellers, and renters millions annually. Housinn targets these pain points by offering a centralized, tech-driven platform that streamlines property discovery and ensures secure escrow-based transactions, filling a critical gap in the competitive landscape.

Housinn’s Innovative Solution and Market Differentiation
Housinn’s platform uniquely combines a comprehensive property marketplace with an escrow payment system that safeguards funds until both parties confirm satisfaction, reducing fraud risks. Features like a map view enhance transparency by displaying exact property locations, while direct buyer-seller connections eliminate costly intermediaries, lowering acquisition costs. Since launching its website and mobile app, Housinn has facilitated over 1,500 daily transactions, generating $225,000 monthly in transaction fees alone. With subscription and promotional revenue streams, Housinn is poised to lead Nigeria’s proptech evolution with scalable technology and proven market traction.

Accelerating Growth with FasterCapital’s EquityPilot Program
Through the selective EquityPilot program, FasterCapital provides Housinn with tailored mentorship, strategic guidance, and capital-raising support essential for scaling. FasterCapital’s rigorous vetting process ensures partnership with high-potential startups, and Housinn’s inclusion validates its innovation and market fit. The collaboration will expedite Housinn’s go-to-market strategy, enhance product development, and expand its network of real estate partners across Nigeria, positioning the company for rapid growth and market leadership.

Executive Quotes
Hesham Zreik, Founder and CEO of FasterCapital, stated, “Housinn exemplifies the kind of innovative, scalable solution that addresses real challenges in Africa’s vast real estate market. Their unique escrow model and technology-driven approach align perfectly with our mission to empower startups that transform industries. We are excited to support Housinn’s journey to becoming a market leader.”

Nnagoziem Collins Okegbe, Founder and CEO of Housinn, said, “Partnering with FasterCapital is a pivotal milestone for Housinn. Their global expertise and resources will accelerate our vision to make property transactions in Nigeria safer, more transparent, and affordable. Together, we will unlock unprecedented value for buyers, sellers, and agents across Africa’s largest real estate market.”

Growth Trajectory and Future Plans
In the coming months, Housinn plans to deepen partnerships with real estate companies and agents nationwide, enhance platform features, and expand marketing efforts through digital and offline channels. The startup is actively raising $150,000 in capital to fuel product development and scale operations. With FasterCapital’s backing, Housinn aims to capture a significant share of Nigeria’s $91.1 million real estate revenue market in 2024 and extend its footprint across Africa, ultimately transforming property transactions continent-wide.

About Housinn
Founded by Nnagoziem Collins Okegbe, Housinn is Africa’s innovative property marketplace dedicated to revolutionizing the real estate sector through technology. By providing a secure escrow payment system and transparent property listings, Housinn empowers buyers, sellers, and renters with a safer, more accessible, and cost-effective platform. 

About FasterCapital
FasterCapital is a global startup accelerator and venture capital firm that supports early-stage technology companies through its EquityPilot program. With a proven track record of accelerating startups via mentorship, funding, and strategic partnerships, FasterCapital focuses on scalable innovations in fintech, proptech, and other high-growth sectors.