Ajim Capital was one of the investors in Spleet's $2.6 million seed round, which was led by MaC Venture Capital.
Spleet was founded in 2018, with a mission to build a marketplace to connect landlords with vetted tenants looking for flexible rent payment options. To date, they have processed millions in rent, housed over 1000 tenants and onboarded over 35 individual and corporate landlords.
Other investors in this round include NOEMIS Ventures, Plug and Play Tech Center, daba, Francis Fund and other angel investors, including Proptech operators, Eduardo Brennand Campos and Paulo Bichucher of Yuca, Majed Chaaraoui of Insurami.
Existing investors from Spleet's pre-seed round, MetaProp and HoaQ also participated in this round.
Spleet is addressing one of the most pressing pain points in the African rental market - flexible rent payment options. In many cases, tenants are forced to source funds to pay a full year's rent upfront, which can be a huge financial burden.
Spleet's platform enables landlords to offer flexible rent payment options to tenants, while also providing the landlord with peace of mind that the rent will be paid on time. This is a win-win for both parties involved, and we're excited to see how Spleet will continue to grow in the African rental market.
Spleet is expanding its product offerings to include Collect, a service that automatically receives rent payments on behalf of landlords; Verify, a tool that enables landlords and real estate agents to vet and carry out adequate background checks on tenants and Rent Now Pay Later, a no collateral, affordable-interest rate rental loan product.
Ajim Capital is a venture capital firm based in the US that invests in early-stage technology startup companies in Africa. We believe that African entrepreneurs have the power to create valuable businesses using technology that compete on a global scale while massively changing the lives of Africans.