Spleet Raises $2.6m In Seed Funding

October 5, 2022
Share this Post: 

Spleet has raised a $2.6m in a funding round led by MaC Venture Capital.

The Nigeria-based startup will use the funds to scale its residential rent management and rent financing products.

In a post published on the company's Linkedin page, Spleet said it will also launch a suite of products imminently, including a rent collection service for landlords, and a tenant vetting and background check tool.

Spleet will also launch a "rent now, pay later" loan facility for cash-strapped tenants—a common problem in Nigeria, where tenants are often required to pay up to 24 months of rent in advance—to remove barriers in the market.

CEO Akintola Adesanmi said:

"This funding will go into deepening our product offerings for Landlords, real estate agents and tenants across Nigeria and testing out new markets."

Spleet was founded in 2018 by Adesanmi with the goal of building a marketplace to connect landlords with vetted tenants. The company won Africa Proptech Forum Startup Competition against five other competitors in September, and has already housed 1000 tenants and onboarded 35 individual and corporate landlords.

October 5, 2022
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Zillow And Opendoor
Zillow and Opendoor Further Extend Their Partnership into 3 New Markets

US giant Zillow and Opendoor have expanded their home sales partnership into three new markets. The new markets are Houston,...

Read More
Ke Holdings Decoration
Chinese Leader KE Holdings Sees Net Losses Widen to $203m in 2022 As It Goes "from high-speed to high quality growth"

Leading Chinese real estate brokerage and portal company KE Holdings (aka Beike) has released a report on its performance for...

Read More
Property Finder Boardroom
PropertyFinder hires Frode Nordseth as VP of Product

Dubai-based marketplace Property Finder has hired Frode Nordseth as its new VP of Product. He announced his new role in...

Read More
Buyrentkenya Nairobi Skyline
"The ceiling for innovation is just infinite at this point" - Interview with BuyRentKenya CEO, Lizzie Costabir

Like the previous two portals we've spoken to in our Africa series, BuyRentKenya has been in the business for 10...

Read More

Editor's Pick