Raenest

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Through its retail product, Geegpay, Raenest offers freelancers virtual USD, GBP, and EUR accounts to receive payments, manage multi-currency wallets and convert currencies. It also provides virtual and physical debit cards that accept multiple currencies like U.S. dollars.


Location: Nigeria
Website: https://www.raenest.com/
Sector: Finance
Funding Stage: Pre-Seed, Venture Round, Grant, Series A,
Total Funding ($m): 11.52
# of Founders: 3
Founding Year: 2022
Funding Year: 2025
YearAmountStageInvestors
2022$0.3mPre-SeedVentures Platform, Voltron Capital, Ajim Capital, others
2022$0.12mVenture RoundTechstars
2023$0.1mGrantGoogle For Startups Black Founders Fund
2025$11mSeries AQED, Norrsken22, Ventures Platform, P1 Ventures and Seedstars.
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Victor Alade,
Co-Founder & CEO
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Pre-Seed $0.3m
Ventures Platform, Voltron Capital, Ajim Capital, others

Venture Round $0.12m
Techstars

Grant $0.1m
Google For Startups Black Founders Fund

Series A $11m
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News
https://techcrunch.com/2025/02/11/qed-leads-11m-investment-in-nigerian-fintech-raenest/