If you are a Nigerian freelancer, a remote worker, or a small business owner receiving payments from clients abroad, you have spent years navigating a system that was never designed with you in mind.
Your dollars arrive through platforms like Payoneer or Wise, get converted at poor rates, and disappear into a local account that charges you fees at every turn.
If you want a dollar card to pay for software subscriptions or international services, you are looking at a process that involves paperwork, delays, and limits.
The global economy wants African talent.
The financial infrastructure has never fully caught up.
Raenestapp was built to close that gap.
Founded in 2022 by Victor Alade, Sodruldeen Mustapha, and Richard Oyome, Raenest started as an Employer of Record platform before the founders pivoted to where the real problem sat: global banking infrastructure for Africans.
The platform lets individuals and businesses open global bank accounts in their own names, access physical and virtual dollar, euro, and pound-denominated cards, receive payments from platforms like Upwork, Fiverr, and Gusto, and convert between currencies at competitive rates, all from a single dashboard.
In February 2025, @raenestapp raised an $11 million Series A led by QED Investors, bringing total funding to $14.3 million. The company has since expanded into India, entered the US market with stablecoin and stock investing products, and is now operating across Nigeria, Kenya, Ghana, Tanzania, Uganda, and beyond.
The global economy has always been willing to hire African talent. Raenest is making sure the money actually gets home.