Rainpay Secures $500,000 Pre-Seed Round Backed by Platnova to Scale Offline-to-Online Payments in Nigeria

LAGOS, Nigeria — Rainpay (RAINPAYTECH LTD), the Nigerian financial technology platform built for everyday hustle, has closed a $500,000 pre-seed round at a $4,000,000 post-money valuation. The round is backed by Platnova, with participation from angel investors and operators across Nigerian payments and entertainment.

Millions of traders, gig workers and daily earners still sit between clunky shortcodes and app-only banking. Rainpay closes that gap with one wallet that works across Android and iOS apps, the web, USSD (*347*635#), two-way SMS on 34461 and voice banking. A trader on a feature phone and a freelancer paying for software with a virtual dollar card use the same account, the same balance and the same security.

“Most fintechs build only for the smartphone crowd. Rainpay was built for real hustlers. If your data drops, your battery is on 2% or you’re holding a basic phone, your money shouldn’t freeze. With our wallet on *347*635#, SMS and our apps, every Nigerian can pay, save and grow their business without friction.”

Beyond transfers, bill payments and ajo contribution circles, Rainpay powers ticketing and payments for live culture, including Marlians Fest ’26 Mainland Edition on 12 December 2026 at Eagles Club, Surulere.

The funding deepens Rainpay’s settlement float, expands its merchant and agent network and accelerates its offline-first products. Platnova also brings licensed lending and cross-border infrastructure, so Rainpay customers can reach compliant loans and virtual dollar cards.

“Rainpay is the missing bridge between Africa’s cash economy and digital finance. Their speed of execution, multi-channel technology and grassroots growth convinced us they can win high-volume everyday payments. We’re proud to back the team.”

Rainpay is operated by RAINPAYTECH LTD (RC 9895163), a Nigerian financial technology company. Rainpay is not a bank; banking and payment services are provided by licensed partner institutions. Money that moves as fast as you hustle.

Platnova is a fintech group with licensed entities in Nigeria (FMLL, FCCPC), Canada (FINTRAC) and the United States (FinCEN), providing lending, payments and cross-border infrastructure.