Spleet, a Nigerian-based prop-tech startup is on expansion to, Rwanda, Ghana and Kenya as the startup moves in the direction of self-hosting for Nigerians who are travelling outside the country.
The startup founded in 2017 from the backdrop of seeking rentals having convenience in payment in Lagos, Nigeria as compared to the usual one and half or two-year payment option.
Spleet enables house owners rent rooms to certified individuals, while also supporting individuals to sought out places where they can stay.
The prop-tech startup has recently launched some products for house owners to manage their spaces.
This new development by Spleet is an Airbnb-style self-hosting and the startup looks to expand into new African markets.
Tola Adesanmi, Chief executive officer (CEO), Spleet explained that the startup plans the expansion to neighboring West African country Ghana in the second quarter of 2021 while looking into the third quarter for the East African region, Rwanda and Kenya.
“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,” Adesanmi noted.
He further noted that the host product will offer a potential host autonomy, with a leverage of control on their earnings. For the next few months in 2021, the startup also plans to iterate per customer feedback.
Currently in Nigeria, Spleet has recorded a positive outlook on its renters’ product with a 96 percent rate of retention on its long stay spaces averaging 11 months.
“Metrics like our current waitlist signal potential for more growth now that we have the hosting product,” Adesanmi stressed.
For up to a year and a half, Spleet was self-funded by bootstrapping until it raised a $265,000 pre-seed round funding in 2019
Featured Image: Co-founders, Spleet
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