Nigerian fintech Raenest has raised $11M in Series A funding to expand its reach across Africa. Led by QED Investors, the funding round also got participation from pan-African VC firms Norrsken22, Ventures Platform, P1 Ventures, and Seedstars. The fintech startup will look to deepen its presence in Nigeria and secure licenses in Egypt, Ghana, Kenya, and the U.S. What is Raenest As Africa’s tech ecosystem continues to blossom, more people from the region are landing remote jobs with big tech firms and global startups. However, receiving payments remains an obstacle for many freelancers and remote workers. They struggle to open accounts that accept U.S. dollars, face slow invoicing and payment processes, and it doesn’t help when their foreign employers use incompatible payment platforms. Related Post: Nigerian B2B Payment Startup, Klasha
