MeQasa.com, one of Ghana’s leading online real estate classifieds businesses, has secured a $500K investment from Frontier Digital Ventures, a global VC firm headquartered in Kuala Lumpur, Malaysia.
Frontier Digital Ventures has experience and a successful history across emerging markets investing in the largest online classifieds/marketplaces in key frontier regions including Central America, Middle East & North Africa, East Africa, West Africa and South Asia.
The meQasa founders, Kelvin Nyame, Rashad Seini and Kofi Amuasi, are alumni of the Meltwater Entrepreneurial School of Technology (MEST) in Accra, Ghana. Upon graduation, the company received seed investment funding and support from the Incubator.
This latest round of funding from Frontier Digital Ventures will be utilized to expand meQasa’s sales and marketing outreach, as well as accelerate the development of its mobile and web service experiences.
“Over the last two years, we have built the meQasa platform and underlying technology to be a leader in the real estate classifieds market in Ghana. We’re thrilled to have come on the radar of an international investor such as Frontier Digital Ventures, who saw the value in our efforts and chose to invest in the potential of this company,” says Kelvin Nyame, meQasa CEO.
Frontier Digital Ventures CEO, Shaun Di Gregrio, says about the deal, “We’re delighted to be partnering with the meQasa team. The business has a strong platform in place and is quickly progressing in what we see as a truly dynamic market in West Africa. The combination of our own online classifieds experience across emerging markets, along with meQasa’s passion and commitment, makes for a powerful combination and opportunity to build an industry leading business in Ghana and beyond.”
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