RentMonie

In Nigeria, a full year's rent upfront is the norm, not the exception. It locks people out of housing they could afford month to month. Rentmonie breaks that lump sum into manageable monthly payments, using Paystack to collect from renters and disburse to landlords.

A year's rent upfront is the only option for almost all Nigerians. Someone earning a steady salary, enough to cover rent every month without strain, still can't move in, because the system demands all twelve months at once, before they've unpacked a box. That gap between what you can afford and what you're asked to produce on day one pushes people into worse housing, into staying somewhere unsafe a year too long, or into borrowing from people who'll make the next year harder than the rent ever was.

The idea behind Rentmonie starts from a simple observation: almost everything else recurring in someone's life gets paid in instalments—salaries, subscriptions, most loans—except the one expense that decides where you sleep. Rent doesn't need to be the exception. It just needs someone willing to absorb the timing gap between when a renter can pay and when a landlord needs to be paid.

That's the role Rentmonie plays. Renters pay monthly. Landlords get paid in full. For our prototype, we used Paystack to handle collection from renters and disbursement to landlords, so trust doesn't have to run between two strangers—just between each side and the platform once.