Browsing: QED Investors

• The funding round was led by QED Investors, with participation from Norrsken22, alongside follow-on investment from Ventures Platform, P1 Ventures, and Seedstars.
• This equity-based capital injection brings Nigeria-based Raenest’s total venture funding to $14.3 million.
• Raenest seeks to expand into the U.S. and Egypt markets this year while also using the funding to attract and retain top talent.

Raenest has secured $11 million in Series A funding, a financial backing that will see the global multi-currency accounts platform for individuals and businesses further expand its presence in Kenya and in its headquarters in Nigeria.

In a statement, Raenest said it also seeks to expand into the U.S. and Egypt markets this year, further broadening its impact with customers from African. Additionally, the new funding is part of a broader plan for the fintech giant to attract top talent to accelerate its growth momentum.

Speaking on the announcement, Victor Alade, CEO …

• The South African payment platform has raised $5.2 million in seed funding.
• Revio fintech has focused its efforts on providing real-time action via different channels like SMS, Email, or Social media.
• With the $5.2 million, Revio fintech intends to expand its services to over 25 African markets.

Africa’s fintech industry is among the fastest and youngest franchises that emerged in the past decade. Its lucrative market has attracted numerous investors and innovators, each trying to gain a piece of this trillion-dollar market. In the latest development, the South African Payment platform, Revio fintech, secured a $5.2 million seed funding from QED Investors and Partech Africa. With this funding, SA’s road to dominate Africa’s digital industry is shaping up quite nicely.

Africa’s fintech industry is one of the most recent economic activities, barely two decades old. Blockchain technology, one of the primary highlights of the 4IR, has redefined how we approach …