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Nigerian prop-tech startup Spleet has raised a USD 625 K pre-seed funding round to help it roll out a new product that provides tenants with affordable loans to help them pay their rent. The oversubscribed pre-seed round was led by MetaProp VC, and also included Future Africa, FEDHA Capital, VFD Group, Moonshot VC, HoaQ, Squarefoot CEO Jonathan Wassersturm, Flutterwave CEO Olugbenga ‘GB’ Agboola, and others.
Spleet allows homeowners to rent to vetted individuals, while also helping people easily find places to stay. The startup enables landlords to verify and vet tenants and also automates rent collections. The funding will be used to build Spleet’s newest rent financing product, “Rent Now Pay Later” and other products to enable seamless residential rental processes. The new product will give tenants access to affordable loans to pay rent.