Big news! We just secured $11 million in Series A funding. This investment was led by QED Investors, along with Norrsken22, Ventures Platform, P1 Ventures, and Seedstars. With this funding, it brings our total venture funding to $14.3 million, a huge leap forward in our mission to optimize cross-border money management for Africans.
What This Means for You
We know how challenging it can be to receive payments from abroad, convert currencies, and manage transactions smoothly. That's why with Raenest, whether you're a freelancer, remote worker, startup, or growing business, we have built a faster, smarter, and more affordable financial solution to help you thrive globally. With this new round of funding, we are enhancing our services and expanding our reach to better serve you.
What’s Next?
Here's what’s ahead: We are expanding into new markets, strengthening our presence in Nigeria and Kenya, and launching in the U.S. and Egypt. This means more access and greater opportunities for you.
Our financial solutions are getting a major boost so expect seamless improvements to our multi-currency wallets, global accounts, and payment processing tools to make transactions smoother than ever.
We are also growing our team with top talent dedicated to improving your experience and ensuring our services remain reliable and efficient.
Finally, stronger partnerships are on the way as we are collaborating with leading financial institutions in the U.S., U.K., and beyond to offer faster, more secure, and seamless transactions.
Africa’s Gig Economy is Booming, and So Are We.
Did you know Africa’s gig economy is growing by 20% every year? Yet, cross-border payment issues are still holding many people back. But not for long. The global cross-border payments market is projected to hit $320 trillion by 2032, and we’re determined to make sure you get a piece of the action.
Since launching in 2022, we’ve.
- Welcomed over 700,000 individual customers
- Processed more than $1 billion in payments
- Empowered 300+ businesses (including MoniePoint, Helium Health, Fez Delivery, and Matta)
And let's not forget Geegpay by Raenest, our platform for freelancers, creators, remote workers, and independent contractors that helps you get paid in multiple currencies from anywhere in the world, with lower fees and faster transactions.
In all, we want to say thank you because this is just the beginning. With our incredible investors, partners, and, most importantly, you, we’re on a mission to make earning, spending, and managing money across borders easier than ever. Thanks for being part of the Raenest journey. We can’t wait to show you what’s next. Stay tuned, big things are coming.
Read more about the fundraise here, and learn more about Raenest at www.raenest.com.
