Raenest
The cross-border financial platform for African gig workers, creators, and global remote talent
What it does
Raenest was founded in 2022 by Victor Alade, Richard Automated, and Akintunde Sultan to simplify global payroll, invoicing, and foreign accounts through its platform Geegpay. The company allows African freelancers, contractors, and startups to generate foreign currency bank accounts to receive overseas payments directly. Y Combinator-backed Raenest is celebrated for serving the African remote workforce.
Multi-currency accountsCross-border B2B paymentsCard issuing & management
Known for
- Geegpay platform for freelancers
- Y Combinator-backed fintech
- USD, EUR, & GBP bank accounts for remote workers
- Global employer payroll automation
Model & industry
SaaSAPI-as-a-ProductAll / Cross-industry
Funding history
$14.3M
Total raised
3
Rounds
Series A
Latest stage
2025
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2025-02 | Series A | $11.0M | QED Investors |
| 2023-05 | Seed | $2.6M | Ventures Platform |
| 2022-05 | Pre-Seed | $700K | Ventures Platform |
Source: Condia Funding Tracker
Products & subsidiaries
Geegpay Foreign Accounts · Multi-Currency Virtual AccountsGeegpay Virtual Card · Virtual Card