Company Overview
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.
Company History
Raenest was founded in 2022. Public founder information in the source set points to Victor Alade, Sodruldeen Mustapha, Richard Oyome. Its latest captured funding/news event in the source set was in 2025, recorded as Series A.
Key Facts
| Country | Nigeria |
| Founded | 2022 |
| Founders | Victor Alade, Sodruldeen Mustapha, Richard Oyome |
| Sector | Fintech |
| Operational Status | Appears active |
| Latest Round | Series A, 2025, $11M |
| Total Disclosed Funding | $11.52M |
| Website | https://www.raenest.com/ |
Business Model
Raenest appears to operate a product-led business model in the Fintech sector. Based on public descriptions, it generates value through technology-enabled services, software, marketplace access, operations, or financial infrastructure.
Products and Services
- Digital payments
- Banking or treasury tools
- Merchant or API infrastructure
- Embedded finance
Funding and Market Position
Public deal records in the source set show 4 disclosed funding event(s), with about $11.52M captured in total. The most recent event is recorded as Series A, 2025, $11M.
Contact Information
The most reliable public contact channel in the source set is the official website: https://www.raenest.com/. Public phone numbers and public support emails were not consistently available at scale, so the website/contact form is the best public route.
Company Location
Operational Status
Latest public funding/news source in 2025 suggests the startup was operating at that time. Status recorded here is a best-effort assessment as of March 21, 2026.
Why This Startup Matters
As a Nigerian startup in the Fintech space, Raenest matters because it addresses local market problems with a scalable digital product or operational model.
Sources
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