Funding Tracker                 


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): $11.52M
# of Founders: 3
Founding Year: 2022
Funding Year: 2025
Status: Active
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.
Profile Picture
Victor Alade,
Co-Founder & CEO
LinkedIn
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

QED, Norrsken22, Ventures Platform, P1 Ventures and Seedstars.





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