Africa Roundup: ToLet Acquires JumiaHouse NG, Facebook announces NG_Hub, Interswitch IPO Update - TechCrunch

Africa Roundup: ToLet Acquires JumiaHouse NG, Facebook announces NG_Hub, Interswitch IPO Update  TechCrunchLagos based online real estate startup ToLet.com.ng acquired Jumia House Nigeria for an undisclosed amount. Jumia House is...

Africa Roundup: ToLet Acquires JumiaHouse NG, Facebook announces NG_Hub, Interswitch IPO Update - TechCrunch
Africa Roundup: ToLet Acquires JumiaHouse NG, Facebook announces NG_Hub, Interswitch IPO Update  TechCrunch

Lagos based online real estate startup ToLet.com.ng acquired Jumia House Nigeria for an undisclosed amount. Jumia House is a subsidiary of the continent’s lone tech unicorn — Pan-African e-commerce giant Jumia.com. ToLet and Jumia House Nigeria will merge platforms under the new name PropertyPro.ng. The $1.2 million Series A startup was able to buy part of a $1 billion company with the help of its lead investor, Frontier Digital Ventures (FDV). While ToLet originally reported to TechCrunch that FDV served primarily as a facilitator of the deal, both now confirm FDV helped finance the deal. ...