Paymyrent

Paymyrent is a rent-focused savings and financing platform for people in Nigeria who want to save gradually for house rent and access rent loans when needed.

Key capabilities include:

• Automated rent savings plans with daily, weekly, or monthly targets, starting from ₦300, using card auto-deductions or a generated wallet account to fund savings.
• Interest on savings with rewards on deposits and options such as fixed deposit (locked funds that earn monthly interest) and savings challenges (for example, a ₦1,000 daily challenge).
• Rent loan access designed for paying rent in full, including an option to save towards rent for 6 months and then access a loan, plus marketplace-style loan matching where users can apply once and compare offers (interest rates and terms) from multiple lenders.
• Emergency loan access of up to 5% of total savings once a month, plus locked savings until the due date with automatic unlocking at the end of the savings tenure.

Available on Web, Android, and iOS.

It primarily serves B2C individual Nigerians saving toward annual rent or seeking rent loans, alongside B2B companies using corporate frameworks to pay staff accommodation and recover costs via monthly payroll deductions.

Notable in the Nigerian market context, it focuses specifically on house rent planning and rent finance, and states it is powered by Confidence Microfinance Bank (CBN-regulated) with NDIC-insured savings.