Raenest Goes Global: Nigerian Startup Expands Operations to the U.S, Allowing Users to Receive Payments in USDT
2 min read
Raenest, a Nigerian cross-border fintech startup providing multicurrency accounts for freelancers and remote workers, has officially expanded into the United States. The move comes just eight months after the company raised $11 million in Series A funding and marks a major milestone in its mission to simplify global payments for African professionals.
With this expansion, Raenest users can now receive payments in the USDT stablecoin, which will be automatically converted to U.S. dollars. This feature aims to provide faster, more reliable international payment options and reduce the friction often experienced by freelancers and businesses working with overseas clients.
“This product is for Africans wherever their journey takes them,” said Co-founder and CEO Victor Alade at the Raenest Exchange 2025 event in Lagos. He emphasized that the company’s U.S. expansion represents a strategic step in connecting African freelancers to global opportunities.
Founded in 2022, Raenest initially began as an Employer of Record (EOR) service before pivoting to address the challenges of cross-border payments. The company now offers users access to global bank accounts in U.S. dollars, euros, and British pounds through its consumer app, Geegpay.
The app has gained significant traction among freelancers, content creators, and small businesses who rely on international platforms such as Upwork, Fiverr, and Gusto. Raenest reports over one million customers and more than $2 billion in processed transactions.
Raenest’s entry into the U.S. market follows similar international expansions by Nigerian fintech leaders like Paga and Moniepoint, reflecting the growing global ambitions of Africa’s financial technology sector.
With this U.S. expansion and the introduction of crypto-enabled payment options, Raenest is positioning itself as a key player in connecting Africa’s digital workforce to the global economy.RE
About The Author
