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QED leads $11M investment in Nigerian fintech Raenest
Raenest, the multi-currency accounts platform for individuals and businesses across Africa, raises $11 million Series A led by QED Investors.
Image Credits: RaenestRaenest competes with several fintech startups offering multicurrency accounts to customers in Africa, including Afriex, Cleva, Grey, Verto, and Leatherback. “We want to create a safe and seamless financial ecosystem for Africans — helping them earn, invest, and grow their wealth, no matter where they are in the world,” Alade said, hinting at upcoming product launches. “We firmly believe that by bridging the gap between local and global markets, Raenest will unlock new opportunities for African entrepreneurs, freelancers and businesses, ultimately driving greater economic empowerment across the continent,” said Gbenga Ajayi, partner and head of Africa and the Middle East at QED Investors.
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