Nigerian Startup Bongalow Secures Funding From UNCOVERED FUND

Bongalow, a Nigerian home financing startup, has raised seed funding from UNCOVERED FUND, a Japanese venture capital company focusing on Africa. Bongalow seeks to use the capital to solidify its presence in the market.

UNCOVERED FUND’s undisclosed investment is part of a larger seed round that includes Future Africa, Kepple Africa Ventures, ARM, Magic Fund, a Nigerian bank CEO, and a slew of other angel investors.

Bongalow is a mobile-powered home finance marketplace that allows Africans in Africa and around the world to search for the best home loan to buy the property of their dreams. Aspiring homeowners can use Bongalow’s mobile-powered home financing platform to save for a down payment, shop for a home loan, and access Bongalow’s rent-to-own financing options.