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QED leads $11M investment in Nigerian fintech Raenest

Summary by TechCrunch

Raenest, the multi-currency accounts platform for individuals and businesses across Africa, raises $11 million Series A led by QED Investors.

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QED leads $11M investment in Nigerian fintech Raenest

Raenest, the multi-currency accounts platform for individuals and businesses across Africa, raises $11 million Series A led by QED Investors.

12 days ago·United States

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TechCity

Raenest Raises $11M to Expand Cross-Border Payments in Africa

Raenest Raises $11M to Expand Cross-Border Payments in Africa As Africa’s tech ecosystem grows, more professionals secure remote jobs with global firms. However, getting paid remains a challenge. Many struggle to open USD accounts, face slow invoicing processes, and deal with incompatible payment platforms. Lagos-based Raenest is tackling this issue. Through its product, Geegpay, the company offers freelancers virtual USD, GBP, and EUR accounts.…

10 days ago

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AppsAfrica.com | African mobile and tech news - tech events in Africa

Raenest Secures $11M Series A Investment In QED-Led Funding Round

Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with participation from Norrsken22, alongside follow-on investment from Ventures Platform, P1 Ventures, and Seedstars. This equity-based capital injection brings Raenest’s total venture funding to $14.3M. With this new funding, Raenest aims to deepen it…

11 days ago

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Newtelegraph

Raenest Secures $11m Series A Investment In QED-led Funding Round - New Telegraph

ShareRaenest, the global multi-currency accounts platform for individuals and businesses across Africa, on Tuesday, announced the completion of its $11 million Series A funding. According to a press release, the round was led by QED Investors, with participation from Norrsken22, alongside follow-on investment from Ventures Platform, P1 Ventures, and Seedstars. The statement said that the... The post Raenest Secures $11m Series A Investment In QE…

11 days ago

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Investors King

Nigerian Fintech Raenest Raises $11M To Strengthen African And Global Expansion

Nigerian fintech startup Raenest has secured $11 million in a Series A funding round led by QED Investors, positioning the company for expansion across Africa and key global markets. The latest funding brings Raenest’s total investment to $14.3 million and underscores investor confidence in the startup’s mission to facilitate seamless cross-border payments for remote workers […] The post Nigerian Fintech Raenest Raises $11M to Strengthen African…

11 days ago

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AfroTech

Fintech Platform Raenest Raises $11M In Series A Funding Round To Continue Serving Africa's Gig Economy And Businesses

Fintech platform Raenest has raised new funding to support African businesses. The company, founded in 2022 by Victor Alade, Sodruldeen Mustapha, and Richard Oyome, offers a range of services, including virtual and physical dollar cards, international transfers, invoicing for global payments, the ability to create USD, GBP, and EUR bank accounts, and currency conversion, among other features listed on its website. Raenest’s original platform was…

11 days ago

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