Raenest
Latest round
- Series A
Last raised
- Feb 2025
Total raised
- $14M
Investors
- 6
About Raenest
Raenest, Inc.Raenest, Inc. offers a suite of financial services designed for businesses and individuals across Africa. Founded in 2022 and headquartered in Lagos, Nigeria, the company has engaged in three deals to date.Raenest provides a comprehensive suite of financial services tailored specifically for businesses and individuals in Africa. Their core offerings include multi-currency accounts, virtual bank accounts, customizable payment cards, and automated payroll solutions. These services enable clients to receive, send, spend, and manage their money efficiently across various global platforms while reducing transaction fees. Raenest's platform supports a wide range of payment options, including bank transfers, PayPal, and Wise, facilitating seamless transactions for freelancers, contractors, and businesses.Raenest generates revenue through transaction fees and service charges associated with its financial products. The company's transaction structure typically involves B2B interactions, where businesses leverage Raenest's multi-currency accounts and payroll services to manage payments for employees and contractors. Businesses incur costs related to each transaction, such as fees for converting currencies or processing payments. Raenest's flagship offerings, including their virtual accounts and payroll automation tools, are designed to streamline financial operations for companies operating across borders.In February 2025, Raenest, Inc. The company is currently developing new products aimed at enhancing its service offerings, with specific release dates to be announced. This strategic growth plan focuses on targeting new geographic regions and increasing accessibility to their financial services, ensuring that they meet the growing demand in these markets.
Who invested in Raenest
6 investors across 2 rounds
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Questions about Raenest
Who invested in Raenest?
Raenest has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Raenest raised?
Raenest has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Raenest last raise money?
Raenest's most recent round on record is a Series A, in Feb 2025.
What does Raenest do?
Raenest is a financial services company.
Where is Raenest headquartered?
Raenest is headquartered in Lagos, Nigeria.
Which VCs invest in companies like Raenest?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at Raenest's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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