Raenest
PrivateLast Round
Series A
Feb 11, 2025
Total Funding Raised
$11.15M
Company Overview
Raenest is a Nigerian financial technology company that provides a multi-currency platform for African freelancers, remote workers, and businesses. Founded in 2022, the company aims to simplify cross-border payments by enabling users to receive, hold, and send funds in various currencies, including USD, EUR, and GBP. Raenest offers services such as virtual bank accounts, physical and virtual dollar cards, invoicing, and payroll management. The company initially started as an Employer of Record (EOR) before pivoting to a comprehensive fintech platform. It also operates a consumer-focused product called Geegpay, which caters to freelancers and creators receiving payments from international platforms. Raenest serves both individual customers and businesses, with clients including Moniepoint, Helium Health, and Fez Delivery. The company is backed by investors like QED Investors, Norrsken22, and Ventures Platform.
Sector
FinTech
Verticals
Digital Payments, Digital Banking, Foreign Exchange, HR
Business Model
B2B
Customer Profile
Payment Processing Fee, Subscription SaaS
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Raenest Comps
Public and private peers based on sector, stage, and business model.
Raenest Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Feb 11, 2025 | ||||
| Grant | Jun 20, 2023 |
Raenest Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Norrsken22 | Series A |
| Seedstars | Series A |
| Ventures Platform | Series A |
| Google for Startups | Grant |
| QED Investors | Series A |
| P1 Ventures | Series A |
| Platform Ventures | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Feb 10, 2026
Operations expanded into South and Southeast Asia.
- Feb 3, 2026
Added Norrsken22, a venture capital firm, as a customer.
Raenest Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Raenest's valuation, stock price, and market status.
