Proptech start-up Spleet today announced the completion of $2.6 million seed funding to scale its residential rent management and rent financing products in a round led by MaC Venture Capital.
This round welcomed several other investors, including, 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.
To solve the challenges surrounding affordability and availability in Nigeria and other parts of Africa, Spleet was founded in 2018 to build a marketplace that connects landlords with vetted tenants looking for flexible rent payment options. Since its inception, Spleet has processed millions in rent, housed over 1000 tenants, and onboarded over 35 individual and corporate landlords.
According to the CEO of Spleet, Akintola Adesanmi, “after launching a marketplace in 2019, we realized that the issues in our rental market were beyond what our marketplace could solve. Affordability is one of the biggest pain points for tenants. Most tenants earn income monthly and can therefore not afford the 1-2 years burden of paying their rent in advance.”
Original Source: Benjamin Dada
