Prop-tech Startup Spleet To Expand In Other Countries As It Transitions Towards Airbnb
AFRICA – Spleet, a Nigerian prop-tech startup, has disclosed plans of expanding to Ghana, Rwanda and Kenya this year as it transitions towards an Airbnb-style self-hosting model for Nigerians travelling abroad.
Founded in August 2017 from the need to find rentals with flexible payment options in Lagos as opposed to the usual one or two year upfront payment options, Spleet allows homeowners to rent out rooms to vetted individuals, while also helping people easily find places to stay.
According to Disrupt Africa, the startup recently launched a host product for homeowners with spare rooms to manage their spaces, which will allow Airbnb-style self-hosting on its platform and is looking at moving into new markets.
Chief executive officer (CEO) Tola Adesanmi told Disrupt Africa Spleet was planning to expand to Ghana in the second quarter of 2021, and Kenyan and Rwanda in Q3.
Click here to find out more!
“We intend to first seed those markets by initially working closely with property managers that currently manage spaces manually, with a focus on people visiting from Nigeria.”
Tola Adesanmi – CEO, Spleet
“We intend to first seed those markets by initially working closely with property managers that currently manage spaces manually, with a focus on people visiting from Nigeria. This way we build a reputation before hitting the local market directly,” he said.
“The host product also gives potential hosts autonomy, and a sense of control over their earnings. Over the next few months, we’ll continue to iterate per customer feedback and our own product roadmap.”
In Nigeria, Spleet has seen positive uptake of its renters product, and currently has a 96 per cent retention rate with its long stay spaces, and an average stay of 11 months.
“Metrics like our current waitlist signal potential for more growth now that we have the hosting product,” Adesanmi said.
After bootstrapping for 18 months, Spleet closed a US$265,000 pre-seed round in 2019 and is currently raising a seed round.
Read full article here
GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges
GFA Attract, GFA Mentorship Program & Application Portal For Funding
Would you like to be an impact mentor?
The African continent is going through a revolution driven by its startups. Your experience could help develop the next Facebook, Google or Netflix. You can be part of this story by volunteering your time to mentor an African startup. Apply Here
GFA Attract Interview With Mostafa Khaled Abdel Akher (Entrepreneur Edition)
In this episode of GFA Attract (Entrepreneur edition) we interviewed, Mr. Mostafa who graduated from the German University in Cairo in 2013, where he received a B.A degree in Management Technology with double core majors in Economics and Innovation. Mostafa now works with Makwa. An Egyptian startup focused on innovation, Makwa aims to offer convenience in the dry clean & laundry sector, through the application of digital technology. Watch Here
Apply For Funding
GetFundedAfrica provides equity capital from $1,000 to $50,000.
For larger amounts (Above $50,000)
we organize syndicated funding rounds of up to $500,000.
Apply Here
Follow Us
“Business is always a struggle. There are always obstacles and competitors. There is never an open road, except the wide road that leads to failure. Every great success has always been achieved by fight, every winner has scars. The men who succeed are the efficient few –they are the few who have the ambition and will-power to develop themselves. So choose to be among the few today.”
– Chris Kirubi, Centum Investment, Kenya
