Raenest secures $11M Series A investment after processing $1 billion in payments
- Raenest completed an $11 million Series A funding round led by QED Investors.
- The funding will help deepen operations in Nigeria and strengthen presence in Kenya.
- Raenest plans to enter the US and Egypt markets this year.
Raenest's innovative approach to multi-currency banking and its focus on the growing gig economy in Africa positions it well for future growth. However, the company must navigate regulatory challenges and competition in the financial technology space to achieve its ambitious expansion goals.
