Spleet
Spleet is a Lagos-based Nigerian prop-tech company that operates an integrated rental marketplace offering vetted apartment listings, Rent Now Pay Later loans up to NGN 5M, shortlets, tenant verification, and property management tools to individual renters and landlords across Nigeria.
- Company typePrivate
- Founded2018
- HeadquartersLagos, Nigeria
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Spleet does
Spleet is a Lagos-based Nigerian prop-tech company founded in 2018 that operates a digital platform connecting residential renters with landlords across Lagos, Abuja, and Ibadan. The platform offers an integrated suite of products: a rental marketplace of vetted, move-in-ready apartments; Rent Now, Pay Later providing collateral-free rental loans up to NGN 5,000,000; shortlets (short-term furnished rentals at daily rates); a property management dashboard for landlords; and Spleet Verify, a tenant screening and identity-check tool. A wholly-owned subsidiary, Spleet Facilities Limited, additionally delivers physical facility management services including routine maintenance, landlord representation, and OPEX/CAPEX documentation.
The business model combines multiple revenue streams applied to the same platform: transaction and booking fees on rentals; interest income on Rent Now, Pay Later loans; commission on shortlet bookings; and fees for facility management services. Distribution is digital and self-serve through spleet.africa and dashboards, with marketing concentrated on organic social channels (Instagram, LinkedIn, X, Facebook, TikTok, YouTube) and content on the Spleet blog. Customer acquisition is two-sided and product-led, targeting individual renters seeking flexible payment options and landlords seeking verified tenants and turnkey management.
The company is venture-backed, having raised approximately $3.3 million across pre-seed, seed, and grant rounds in 2022 from investors including MetaProp VC (lead pre-seed), MaC Venture Capital (lead seed), Future Africa, Google's startup program, and Flutterwave's CEO. Headcount is approximately 12 staff, including CEO Daniella Ajala and CTO Michael Owolabi. Spleet reports having served over 1,000 renters and 100+ hosts and processed $3M+ in cumulative rent since inception.
Spleet firmographics
Firmographics- Name
- Spleet
- Legal name
- Spleet Inc.
- Website
- https://spleet.africa
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Spleet is a Lagos-based Nigerian prop-tech company that operates an integrated rental marketplace offering vetted apartment listings, Rent Now Pay Later loans up to NGN 5M, shortlets, tenant verification, and property management tools to individual renters and landlords across Nigeria.
- Ownership category
- akta.pro rank
Spleet industry classification
Industry- Product category
- Residential Rental Marketplace
- NAICS
- Rental and Leasing Services (532)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Vacation & Short-Term Rental Management (BPAJAFAI)
- akta.pro secondary industry
- Marketplace / Multi-Lender POS Financing Aggregators (FSAGAIAJ)
Keywords
Where Spleet is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
Spleet business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Rental Transaction Fees: Platform charges fees on rental transactions including upfront rent plus booking fees from tenants
- Rent Financing Interest: Interest earned on Rent Now Pay Later loans provided to tenants
- Shortlet Bookings: Commission from short-term furnished apartment rentals charged at daily rates
- Spleet Facilities Management: Facility management services including routine building maintenance, landlord representation, tenant verification, service charge budgeting
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Rent Now Pay Later |
| Unit Pricing | Pay-as-you-go | Short-term rentals (Shortlets) |
| Subscription | Monthly | Long-term rental subscriptions |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
Spleet product offering
Product offeringCore offering
Spleet operates a digital rental marketplace platform in Nigeria that connects tenants with landlords offering verified apartments. The platform combines a property marketplace with rent financing (Rent Now, Pay Later) up to NGN 5 million, short-term furnished rental bookings (Shortlets), tenant verification (Spleet Verify), and landlord property management tools, as well as physical facility management services via Spleet Facilities Limited.
Product overview
Spleet is a Nigerian prop-tech company operating a platform-based model with multiple integrated products. The core offering consists of a Rental Marketplace for apartment listings, Rent Now Pay Later for financing (up to N5m in loans), Shortlets for short-term furnished rentals, Property Management tools for landlords, and Spleet Verify for tenant screening. Spleet Facilities extends the portfolio into physical facility management services. The platform connects tenants seeking homes with landlords managing properties, offering flexible payment options and verification services to streamline the rental process in Africa.
Differentiator
Problem solved
Functional benefit
Products and services
- Marketplace A rental marketplace connecting tenants with verified, move-in-ready apartments in Nigeria. Users can browse hundreds of vetted listings, select apartments, and pay flexibly without inspection fees or hidden charges.
- Rent Now, Pay Later A rent financing product offering up to NGN 5 million in low-interest, collateral-free rental loans to help tenants afford rent payments with flexible repayment options.
- Shortlets Short-term furnished apartment rentals for daily living, offering fully equipped move-in ready spaces for flexible stays at daily rates ranging from NGN 31,500 to NGN 59,843 per night.
- Property Management A property management solution enabling landlords to list multiple apartments, verify tenants, track and collect rent seamlessly, and manage maintenance requests from a single dashboard.
- Spleet Verify A tenant verification and due diligence tool for landlords, property managers and real estate investors, enabling identity checks and screening on prospective tenants.
- Spleet Facilities A facility management company offering comprehensive property maintenance services including routine building maintenance, landlord representation, tenant verification, service charge budgeting, health and safety procedures, and OPEX/CAPEX documentation.
Companies that use Spleet
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Spleet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Spleet partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights5 records
Spleet competitors and assessment
Company assessmentDirect peers
- PropertyPro.ng: Largest dedicated Nigerian real estate listings marketplace with a vetted agent network across Lagos, Abuja, and other cities; closest direct competitor to Spleet's rental marketplace layer.
- ToLet.com.ng: Nigerian property classifieds platform focused on rentals and short-stays; competes head-to-head with Spleet for renter and landlord attention in the same Lagos/Abuja markets.
- Cheki Nigeria: Pan-African online classifieds (Cars45/Cheki group) with a Nigerian real estate vertical; comparable listing-discovery experience for prospective tenants and competing host acquisition funnel.
- Rentler: US-focused residential rental marketplace and tenant-screening platform; comparable two-sided model pairing listings with background checks for individual landlords.
- Cozy: Residential property management and tenant-screening SaaS for small landlords; comparable landlord-side tooling to Spleet's Property Management Dashboard and Spleet Verify.
Broad incumbents
- Jiji Nigeria: Pan-African general classifieds horizontal with a large real estate vertical; uses scale and traffic to undercut dedicated rental marketplaces, including Spleet.
- Buildium: Established residential property management platform in the US; represents the incumbent SaaS competitor Spleet's landlord dashboard would be benchmarked against at scale.
Emerging players
- Carbon (formerly Paylater): Nigerian digital lender offering consumer credit; represents the well-funded local fintech that could attach rent financing to an existing borrower base and erode Spleet's BNPL differentiation.
- FairMoney: Nigerian/Indian mobile lender with consumer and SME loans; comparable BNPL-style credit mechanics underwriting thin-file borrowers in the same macro environment as Spleet Rent Now Pay Later.
- TenantCloud: US-based all-in-one rental management and tenant-screening platform for small landlords; overlapping product scope (tenant verification, rent collection, maintenance) with Spleet Verify and the property dashboard.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Spleet social profiles
Digital presenceSpleet financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spleet leadership team
Management profileNumber of profiles
Profiles8 records
Spleet subsidiaries and ownership
Company hierarchySubsidiaries1 record
Spleet funding detail
Funding detailFunding overview
Funding rounds4 records
Investors18 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spleet M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spleet
What does Spleet do?
Spleet operates a digital rental marketplace platform in Nigeria that connects tenants with landlords offering verified apartments. The platform combines a property marketplace with rent financing (Rent Now, Pay Later) up to NGN 5 million, short-term furnished rental bookings (Shortlets), tenant verification (Spleet Verify), and landlord property management tools, as well as physical facility management services via Spleet Facilities Limited.
Is Spleet a public or private company?
Spleet is a private company. It is classified as venture growth investor backed and is currently operating.
When was Spleet founded?
Spleet was founded in 2018. It employs 11 to 50 people.
Where is Spleet based?
Spleet is headquartered in Lagos, Nigeria, in the Africa region.
How does Spleet make money?
Four revenue lines are on record. Rental Transaction Fees are the primary driver. The others are rent Financing Interest, shortlet Bookings and spleet Facilities Management.
Who are Spleet's main competitors?
Direct peers on record are PropertyPro.ng, ToLet.com.ng, Cheki Nigeria, Rentler and Cozy. Broad incumbents are Jiji Nigeria and Buildium. Emerging players are Carbon (formerly Paylater), FairMoney and TenantCloud.
Does Spleet have an API?
No public API is recorded for Spleet.
What industry is Spleet in?
Spleet's product category is Residential Rental Marketplace. Its primary akta.pro industry code is BPAJAFAI, Vacation & Short-Term Rental Management, with a secondary code of FSAGAIAJ, Marketplace / Multi-Lender POS Financing Aggregators. Its NAICS code is 532 and its SIC code is 6531.