When was Raenest founded?

Raenest was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Raenest located?

Raenest is headquartered in Lagos, Nigeria. It is registered at 212 King Street West, Toronto.

Who is the current CEO of Raenest?

Victor Alade of Raenest. They have also founded 1 company.

Which legal entities is Raenest associated with?

Raenest is associated with RAENEST TECHNOLOGY SOLUTIONS SERVICE LTD and 1 other.

How many employees does Raenest have?

As of Aug 31, 2026, the latest employee count at Raenest is 78.

Is Raenest a funded company?

Raenest is a funded company, having raised a total of $14.3M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2022.

When was the latest funding round of Raenest?

Raenest's latest funding was a $***** Series A round on Feb 11, 2025, with participation from 5 investors. Its primary sector is Banking Tech. Globally, the Banking Tech sector has seen $4.51B in funding in 2026 to date.

Where does Raenest rank among its competitors?

Raenest ranks 1st amongst 14 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Raenest, which secured $11M in Feb, 2025.

Who are the top competitors of Raenest?

Raenest's top competitors include Aladdin, Raven Bank and Fundall. Among them, Raenest secured the most recent funding round in February, 2025.

Raenest - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of digital financial services for international payments and transfers. This platform enables users to maintain multi-currency accounts, issue virtual and physical payment cards, and execute global money transfers. Additional functionality includes automated invoicing tools, currency conversion, and access to investment products. The services are available to both individual users and business entities for managing cross-border financial transactions.

Website: www.raenest.com/
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Registered Address: 212 King Street West, Toronto

Key Metrics

Founded Year

2021

Location

Lagos, Nigeria

Stage

Series A

Total Funding

$14.3M in 4 rounds

Latest Funding Round

Series A, Feb 11, 2025, $*****

Investors

QED Investors & 8 more

Ranked

1^st among 14 active competitors

Employee Count

78 as on Aug 31, 2026

Similar Companies

Jupiter & 845 more

View Raenest's full profile

Raenest is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Raenest Inc. CIN: 14437071 , Canada, Active	Oct 11, 2022	-	-	-
RAENEST TECHNOLOGY SOLUTIONS SERVICE LTD CIN: 13827570 , United Kingdom, Deadpooled	Jan 03, 2022	-	-

Raenest has raised a total funding of $14.3M over 4 rounds. Its first funding round was on 2022. Its latest funding round was a Series A round on Feb 11, 2025 for $*****. 5 investors participated in its latest round. Raenest has 9 institutional investors.

Here is the list of recent funding rounds of Raenest:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 11, 2025	5808380	Series A	9820662	3415018	7156509	9090791
2023	7023	Seed	3947	3207	6619	4505
Dec 28, 2022	1586875	Seed	3872301	6065538	Techstars	9522465

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View details of Raenest's funding rounds and investors

The founders of Raenest are Richard Oyome and Victor Alade. Victor Alade is the CEO of Raenest.

Here are the details of Raenest's key team members:

Richard Oyome: Co-Founder & COO of Raenest and founder of 1 other company.
Victor Alade: Co-Founder & CEO of Raenest.

Raenest's Board of Directors

Raenest's board has 2 active members. Victor Alade and Sodruldeen Mustapha are part of team.

Here is the list of Raenest's board of directors:

Name	Type	Representing	Status	Duration
Victor Alade	Team	-	Current	4y 9m
Sodruldeen Mustapha	Team	-	Current	4y 9m

View details of Raenest's Founder profiles and Board Members

Raenest's employee count trend

Raenest has 78 employees as of Aug 26. Here is Raenest's employee count trend over the years:

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Top competitors of Raenest include Aladdin, Raven Bank and Fundall. Here is the list of Top 10 competitors of Raenest, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Raenest 2021, Lagos (Nigeria), Series A	Provider of digital financial services for international payments and transfers	$14.3M	QED Investors, Ventures Platform & 7 others	56/100
2nd	Aladdin 2020, Lagos (Nigeria), Seed	Internet-first bank through banking partnership	-	Arrowshare Ventures, Expert DOJO	48/100
3rd	Raven Bank 2020, Lekki (Nigeria), Unfunded	Internet first bank through partnership for retail and business banking	-	-	37/100
4th	Fundall 2019, Lagos (Nigeria), Acquired	Digital bank for individuals & businesses	$150K	Black Knight	36/100
5th	Sterling Alternative Finance 1960, Lagos (Nigeria), Unfunded	Digital bank for consumers & businesses	-	-	30/100
6th	MYKOLO.NG 2017, Ikeja (Nigeria), Unfunded	Provider of digital platform for financial solutions	-	-	23/100
7th	BellBank 2020, Kano (Nigeria), Unfunded	Digital banking platform offering a range of financial services	-	-	20/100
8th	CashConnect 2017, Lagos (Nigeria), Unfunded	Digital bank for individuals and businesses	-	-	20/100
9th	Bill Station 2025, Ilorin (Nigeria), Unfunded	Provider of digital financial services for personal and business transactions	-	-	18/100
10th	Kingzprime 2020, Abuja (Nigeria), Unfunded	Provider of digital financial services for currency exchange and payments	-	-	17/100