A Nigerian startup that raised $790,000 but failed to sustain its business model in the rental market.
Condia Insider: Can tech fix Africa’s rent problem?
In major cities like Lagos and Abuja, landlords typically demand one to two years of rent upfront. Proptech startups like Spleet have attempted to introduce monthly payment models but have faced significant financial challenges.
Nigerian property startup Spleet lays off employees as inflation squeezes business
Spleet, a property tech startup, is laying off employees due to inflation and price increases from landlords. The layoffs will affect non-core operations employees, but the exact number is undisclosed.
