As it moves to an Airbnb-style self-hosting model for Nigerians traveling abroad, Nigerian property tech startup Spleet is expanding to Ghana, Rwanda, and Kenya this year.
Founded in 2017, Spleet allows homeowners to rent rooms to vetted individuals, as opposed to the normal one or two-years advance payment options, due to the need to find rentals with flexible payment options in Lagos, while also helping individuals easily find places to stay.
The start-up has recently launched a spare room host product for homeowners to handle their
rooms, allowing Airbnb-style self-hosting on its site and is looking to migrate to new markets.
According to the Chief Executive Officer (CEO) Tola Adesanmi, in the second quarter of 2021, Disrupt Africa Spleet aims to expand to Ghana and Q3 to Kenya and Rwanda.
Spleet has seen a positive uptake of its renter product in Nigeria, and currently has a retention rate of 96%with its long stay spaces and an average stay of 11 months.
After 18 months of bootstrapping, Spleet concluded a pre-seed round of US$265,000 in 2019 and is currently raising a seed round.