Paymyrent vs Fmtspace
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Paymyrent
Plan and manage your savings for rent with automated debits. Start saving small amounts daily, weekly, or monthly towards your housing goals and earn interest on your funds. The app also offers bill payment services and potential rent loan qualification.
- Automated savings for rent
- Daily, weekly, or monthly savings plans
- Earn up to 20% interest on savings
- Track savings and goals
- Withdraw interest anytime
- Bill payments (airtime, electricity, cable)
- Rent loan qualification
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Ever dream of having a nice apartment of your own or paying your rent on time? Let's make it happen with our Paymyrent app. With 'Paymyrent' it's super easy to plan and manage your savings towards house rent. With as little as N300, you can start saving using the Paymyrent app. We understand that savings need discipline hence we automatically debit you on the days you want to save. Just signup and we will help you save Daily, Weekly, or Monthly How Paymyrent works: - Give your House plan a name. - Tell us how much you want to be saving - Tell us how frequent you want to be saving ( Daily, Weekly, or Monthly) - Tell us how long you want to save for - Activate your ATM card for automated savings or select the Transfer option - Start saving Features: - Create Unlimited goals. - Earn up to 20% interest on savings - See your savings as it grows - Track your savings and goal. - Withdraw your interest anytime - Get qualified for rent loan - Wallet Account with automatic funding - Pay-bills(Airtime, Electricity, Cables, etc)
Fmtspace
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An investment App. by First Marina Trust Limited. it has the following features personal account, finance, internet bank, send money, escrow, loans, lease, target savings.
Screenshots
Verdict
Paymyrent and Fmtspace are too close to call on the numbers: across 6 compared parameters — price, update cadence, ads and in-app purchases among them — neither pulls far enough ahead to decide it. What separates them is feature set and interface, not measurable difference.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Paymyrent ships an update fortnightly, Fmtspace every 9 days. The most recent releases landed on October 24, 2026 and October 27, 2026 respectively.
| Parameter | Paymyrent | Fmtspace |
|---|---|---|
| Price | Free | Free |
| Rating | 3.6 (25 ratings) — better | — |
| Positive reviews | 38.5% of reviews | — |
| Number of ratings | 25 — better | — |
| Update frequency | Fortnightly | Every 9 days — better |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | — |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.0 | 15.0 |
| Further details — not scored | ||
| Size | 41 MB | 73 MB |
| Age rating | 4+ | 4+ |
| Developer | Paymyrent Nigeria | First Marina Trust Ltd |
In-app purchases
Paymyrent
No in-app purchases
Fmtspace
No in-app purchases
