There are a handful of fintech startups in Nigeria and Africa. They are all competing for funding and investments from venture capitalists and angel investors. Recently, LemFi , Khazna and Moniepoint among others raised money. The latest fintech to receive money from investors is Raenest, the multi-currency accounts platform for individuals and businesses across Africa.

What do you need to know about this new funding? Here are the five things.

Comment from CEO, Victor Alade:

At Raenest, we are dedicated to addressing the barriers that hinder Africans from accessing seamless financial services. Our journey over the past two years has been shaped by innovation, collaboration, and a shared vision to build a sustainable, globally impactful business that bridges economic and digital divides. This funding, supported by new and existing investors who share our mission, provides the momentum to scale our solutions and expand our impact across the continent. We are excited to continue building solutions that connect Africa to the world and drive inclusive growth and prosperity.”