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African Startup Funding Tracker

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Nigerian Proptech Spleet Secures USD 2.6 Mn Seed Round To Scale
Nigerian Proptech Spleet Secures USD 2.6 Mn Seed Round To Scale

Nigerian proptech Spleet announced the completion of its USD 2.6 Mn seed funding to scale its residential rent management and rent financing products in a round led by MaC Venture Capital. The round also included Noemis Ventures, Plug and Play Ventures, Assembly Fund, Ajim Capital, Francis Fund, and other angel investors including Proptech operators; Eduardo Campos and Paulo Buchicher of Yuca, Maajed Chaaaraoui of insurami. Existing investors from Spleet’s pre-seed round, Metaprop VC, and HoaQ Fund, also participated in this round.

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 proptech plans to expand its product offerings to include Collect, a service that automatically receives rent payments on behalf of landlords; Verify, a tool that enables landlords and real estate agents to vet and carry out adequate background checks on tenants before offering lease agreements and Rent Now Pay Later, a no collateral, affordable-interest rate rental loan product.