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QED leads $11M investment in Nigerian fintech Raenest | TechCrunch

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Summary
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85% Informative

Raenest just raised $11 million in Series A funding to expand its reach across Africa .

The Lagos -based fintech company offers freelancers virtual USD , GBP , and EUR accounts.

It also provides virtual and physical debit cards that accept multiple currencies like U.S. dollars.

Last March , the company expanded beyond freelancers to businesses.

Raenest 's latest $11 million Series A round brings total funding to $14.3 million .

Lead investor QED , one of the world’s top fintech VC firms, has been steadily increasing its footprint in Africa since 2022 .

Other investors in the round include pan-African early-to-growth-stage VC firms.

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