Africa’s Real Estate Future Lies in Fintech and Virtual Technology — Virety CEO
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Virety CEO Olayinka Olamilehin has shed light on how financial technology is set to revolutionize Africa’s $17 trillion real estate market, bridging trust gaps and unlocking value across the continent. Speaking to FinTech News Africa, he emphasized that fintech innovations are central to solving long-standing issues in property transactions, such as verification, access to finance, and ownership transparency.
According to Olamilehin, Africa’s real estate sector has suffered from inefficiencies rooted in manual verification processes, fragmented data systems, and limited access to affordable financing. He explained that by integrating fintech tools like blockchain, AI, and digital identity systems, Virety aims to create a transparent ecosystem where property data and financial transactions can occur seamlessly and securely.
“Fintech is the missing link in Africa’s real estate boom,” said Olamilehin. “By using technology to verify ownership, process payments, and even tokenize assets, we are making property transactions faster, safer, and more inclusive.”
Virety’s platform is designed to bridge the gap between property developers, buyers, and financiers through smart verification tools and embedded finance options. This approach, according to Olamilehin, could significantly expand access to property ownership, especially among Africa’s growing middle class and diaspora community eager to invest back home.
The African Development Bank estimates the continent’s real estate market could surpass $20 trillion by 2030 if digital systems improve efficiency and trust. Olamilehin believes fintech-driven platforms like Virety are critical to realizing this potential. “Our goal is to make every property transaction traceable and trustworthy giving confidence to buyers, sellers, and investors,” he said.
Across Africa, the rise of proptech startups is reshaping how people buy, sell, and finance properties. In Nigeria, Kenya, and South Africa, digital verification, rent financing, and blockchain-backed title management are emerging trends. As fintech continues to merge with the real estate sector, experts predict a new wave of innovation that could redefine property ownership across the continent.
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