Raenest Secures $11M in Series A Funding

We’ve got some exciting news! Raenest, our parent company, has just raised $11 million in Series A funding, and that means fresh upgrades and more innovative features are on the way.

Backed by QED Investors, along with Norrsken22, Ventures Platform, P1 Ventures, and Seedstars, this funding takes Raenest’s total to $14.3 million. With this support, we’re bringing more resources, driving innovation, and building even better tools to help you get paid and spend globally without stress.

And now, with this funding, we’re making things even better. We’re expanding into new markets, so while Nigeria and Kenya will always be home, we’re also launching in the U.S. and Egypt.

We are also making big improvements to how you handle money. Upgrades to multi-currency wallets, global accounts, and payment processing are coming your way. This means more ways for you to get paid, manage your money, and access global opportunities without restrictions.

To top it all off, we are teaming up with top financial institutions in the U.S., U.K., and other key markets. This means payments will be even faster and more secure, so you can move your money with ease.

The global cross-border payments market is expected to hit $320 trillion by 2032, and Africa’s gig economy is growing by 20% every year. That means more opportunities for freelancers, remote workers, and digital entrepreneurs like you to earn internationally. With this funding, we are making sure you are ready to take full advantage.

Whether we are expanding to new markets, improving multi-currency wallets, or making global payments even faster and more secure, everything we are building is designed to help you move and manage your money without stress. As the world of work keeps evolving, Geegpay will always have your back. We will continue helping you get paid, spend, and grow with ease. 

Read more about the fundraise here.