A Nigerian proptech startup that allows tenants to pay rent monthly while paying landlords upfront.
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.
Layoffs and job security push Nigeria’s tech workers to traditional industries
A failure to raise fresh funding led to layoffs in a Lagos-based edtech startup. Nigeria's tech workers are now pursuing careers in traditional industries for stability and structure.
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.
Prolific VC firm MaC Venture Capital shares its investment thesis for Africa
Funding for Africa’s tech ecosystem has been on a downward spiral since the start of the year. MaC Venture Capital invests up to $3 million in seed-stage companies, looking for big problems in big markets.
