Crowdfunding: Afriscraper Raising US$1 billion for African Real Estate Projects

Afriscraper, an online technology platform developed to simplify real estate investing in emerging markets, is raising US$1 billion through crowdfunding for African real estate & infrastructure projects.

It is common knowledge that Nigerians in Diaspora remit huge sums of money back home annually. Nigeria’s Finance Minister, Mrs Kemi Adeoshun recently puts the figure at US$35 billion for last year alone.

As much as 40% of the remittances by Nigerians in Diaspora go to real estate projects, according to Afriscaper’s research team. Not all of these projects are completed though; we’ve heard so many stories that touch.

“…they are ready to invest back home but face the challenge of finding a trustworthy platform that would help them vet the possible investment options,” said Adebola Omololu, Afriscaper’s CEO.

Afriscaper seeks to simplify real estate investing in emerging markets by connecting real estate developers with international real estate investors through cutting-edge technology.

It provides transparency and simplicity to investing in African real estate and is targeted at Nigerians (and Africans) in Diaspora.

The startup hopes to channel US$1 billion, a small percentage of the diaspora remittances & savings, to real estate and infrastructure projects over the next 3 years.

Projects listed on the platform must have undergone Afriscaper’s proprietary and stringent 32-step vetting process where over 350 factors are considered, and PWC’s due diligence (on both the property developer and the project).

Diasporans looking to invest should do the following:

  • View the various real estate offerings
  • Invest in real estate projects that meet your investment criteria (US$1,000 is the minimum amount one can invest)
  • Read the emails from Afriscaper & make sure to sign up for the free webinars so you can ask questions.

You should note that Afriscraper meets global crowdfunding regulatory standards; it follows the guidelines of the UK’s Financial Conduct Authority as well as Hong Kong’s Securities & Futures Commission.

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