Nigeria-based remittance startup Raenest raised $11 million in a Series A funding round led by QED Investors to expand its product offering and enter additional markets.
Nigeria-based remittance startup Raenest raised $11 million in a Series A funding round led by QED Investors to expand its product offering and enter additional markets.
02/11/25, 9:27 AM
Location
victoria islandMoney raised
$11 million
Industry
finance
financial services
Round Type
series a
Investors
Seedstars, P1 Ventures, Ventures Platform, Norrsken22, Qed Investors
Raenest, a cross-border remittance company, has raised $11 million in a Series A funding round, increasing its total funding to $14.3 million. The company plans to use the new funds to expand its product offerings and enter additional markets.
Company Info
Location
victoria island, lagos, nigeria
Additional Info
Raenest is a modern, multi-currency platform for Africans that makes managing money across borders easy. It offers fast, transparent, and affordable international payments, along with convenient ways to spend, save, invest, and grow wealth, empowering users to stay in control of their finances wherever their journey takes them.