When Dolapo Adebayo was ready to move out of his parents’ house, he faced an interesting and expensive problem. Renting a house in many states in Nigeria, requires tenants to pay a year or two years’ rent. This excludes other charges.

Those charges pile up and discourage renters in a city like Lagos where property prices are high. So Dolapo founded Spleet with Akintola Adesanmi. Spleet is a property technology startup helping people in Nigeria rent houses without needing to pay costly upfront fees. The solution uses technology to match people with flexible and affordable rental options.

Instead of paying a year’s rent upfront, you can pay monthly, quarterly or for six months. The houses you’re matched with are furnished and have all the utilities paid for.

Spleet is not alone in providing this service; its competitors include the pioneer of this proptech service, Fibre, and Muster. Read more...https://media.getfundedafrica.com/2021/01/21/the-big-problems-with-nigerias-small-property-tech-market/