Nigerian Fintech Raenest Raises $11 Million in Series A Funding
Raenest completed an $11M Series A funding round led by QED Investors. The total venture funding for Raenest now stands at $14.3M.
QED leads $11M investment in Nigerian fintech Raenest
Raenest offers virtual USD, GBP, and EUR accounts to freelancers for receiving payments. The company raised $11 million in Series A funding led by QED Investors.
Waza launches Lync to empower African startups with cross-border payment solutions
Waza secures $8 million in funding to launch Lync. Lync supports transactions in over 100 countries and various currencies.
YC-backed Waza launches Lync, an alternative to Mercury for African startups after $8m raise
Waza launched Lync, a banking product for multi-currency account management. Mercury restricted accounts for startups in 13 African countries in July 2024.
Every Nigerian fintech will become a cross-border fintech
Angela Strange's keynote in November 2019 emphasized that every company will become a fintech, driven by the SaaS-ification of banking. The partnership between Synapse and Evolve Bank and Trust was terminated in August 2023, leading to Synapse's Chapter 11 bankruptcy filing in April 2024.
