Fractional investing has opened up real estate to the masses. Once thought of as something that only individuals with fairly deep pockets or financial leverage could get involved in, the industry is now welcoming an army of lower-income people, ushered in by real estate investment apps.
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Two of those apps are getting the attention of Nigerians. Keble and Fragvest attract a growing number of small-time investors because they both have relatively low barriers to entry. However, they are different from each other in ways that are worth noting.
This article compares the key features of these apps, so you can make a more informed decision about investing if you’re choosing between them.
An Overview of the Platforms
Founded in 2018, Keble markets itself as a real estate micro-investment platform that enables Africans to invest from as little as $10 or ₦10,000 across curated properties in Nigeria, the UK, or Dubai (UAE). It supports both full-ownership home or land plans (with at least 10% paid down) and fractional investing via vetted global real estate opportunities.
Fragvest is a newer startup, established in 2021. Its focus is fractional co-ownership (“frags”) of premium Nigerian properties (luxury apartments, commercial and short-let assets). The platform lets you invest for a minimum of ₦20,000. Ownership of property is structured through a real estate trust. Its selling points include real-time portfolio tracking and periodic payouts.
Funding and Company Stage
Keble
Keble is the more mature of the two platforms. There’s evidence of long-standing operations, project rollouts, and partnerships with trustees like Meristem and global audits by Deloitte and EY.
Fragvest
They came on the scene years later, but are starting to gain traction. In February 2025, they secured $350,000 in pre-seed funding from Sthenic Finance and advisory. This indicates their intention to play in this market for the long haul.
Investment Mechanisms
For Keble,
- Minimum investment is ₦10,000 or $10.
- The property type invested in is residential and commercial, locally and globally.
- Structure: Managed by trustees, globally audited, and secures deed of assignments for invest-to-own properties.
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For Fragvest,
- Minimum investment is ₦20,000.
- The property type invested in is high-value Nigerian property in choice districts (predominantly in Lagos and Abuja).
- Structure: Managed under real estate trust, with property holdings divided into “frags”. Continuous liquidity is available in a secondary market.
Returns and Liquidity
Keble offers a projected annual yield of up to 30% for Nigerian properties (denominated in naira) and between 8% and 12% for UK assets, driven by rental returns and asset appreciation. However, investments must be held until maturity or exit events.
Fragvest gives an annual ROI of between 15% and 24%, with rental income paid monthly. Property value growth is estimated at 2% per annum. Meanwhile, an on-platform property market allows users to sell their frags to others on the platform at any time.
Security and Due Diligence
Keble says it’s strict with its vetting process, and only lists about 5% of the properties it reviews. Meristem handles its bookkeeping, while audits are conducted by EY and Deloitte. Investments are backed by a Deed of Assignment for legal protection.
Fragvest notes that it verifies property and determines the authenticity of legal documents before selecting them. There’s also periodic financial reporting and a real-time tracking dashboard for transparency.
App Statistics
The Keble app is available for download on the Google Play Store and the Apple iOS App Store. As of the time this article was written, the app had a 3.8-star rating on Google Play and a 4.5-star rating (all on a 5-star scale) on the iOS App Store.
Fragvest’s app can be downloaded on Google Play as well, where it currently has a 4.4-star rating out of a possible 5 stars. It also boasts a perfect 5.0 rating on the Apple App Store. However, it has fewer reviews and downloads than Keble.
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Final Words
The two real estate investment apps we’ve compared here present some features that are similar. But the differences that exist also matter. If you want access to global real estate investment opportunities while also getting involved on the local scene, Keble would be the preferred option.
But if you’re keen on liquidity, more frequent payouts, and shorter investment timelines, Fragvest may be a decent alternative. Whatever you decide, be sure to do due diligence before signing up with any investment platform or committing funds to it.
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