Raenest wants users to earn from their money, not just receive it

Raenest, a Nigerian cross-border payments fintech, desires users to do more than get cash from abroad, its co-founder and president, Richard Oyome, stated at Moonshot 2026 in Lagos on Thursday.

Oyome traced the business’s method to the development of Africa’s fintech market, which moved from broadening access to digital banking and financing to assisting individuals get payments from worldwide customers as remote work grew throughout the COVID-19 pandemic. As more Africans started working for foreign business and serving consumers abroad, he stated, the requirement for monetary services that link them to international markets grew.

At Raenest Exchange 2026 on October 21, the business revealed brand-new items and functions, consisting of Raenest Vaults, a cost savings item offering yearly yields of as much as 16% on naira balances and 7% on dollar and stablecoin balances. It likewise broadened its USDT and USDC payment abilities, enhanced its invoicing and payment links, and presented brand-new card choices. The statements extend the business’s services beyond cross-border payments.

“We were concentrated on getting, however, getting is simply the start, not completion,” Oyome stated at Moonshot. “The end wants getting. When we began raenest, we concentrated on getting not completion. Now, we’ve resolved costs, now we’re concentrating on the issue of earning.”

Established in 2022, Raenest assists people, freelancers, developers, and companies get, send out, keep, and invest cash throughout borders. The business states it has more than 1.5 million consumers and has actually processed about $3 billion given that beginning.

Oyome stated Raenest was constructed to assist individuals get rid of barriers to taking part in the international economy by offering accounts in their own names that link them to worldwide markets. The business at first concentrated on assisting users get global payments. Its more recent items are meant to resolve how users save their cash and make returns on it.

“Without the capability to make or link to worldwide banking markets throughout the world, there is no chance to make,” he stated.

Oyome likewise stated that the environment for business running in the crypto market was likewise altering, with federal governments throughout Africa ending up being more open to conversations about digital properties.

In July, Nigeria signed a Virtual Assets Coordination prder that developed a structure to collaborate oversight amongst monetary, income, and capital markets firms. The order likewise attended to a regulative sandbox in which qualified virtual-asset organizations can check items under guidance. Ghana has actually likewise presented its Virtual Asset Service Providers Act, 2025, which offers the licensing and guidance of services running in the sector.

“Today, the federal governments throughout Africa are embracing. I believe federal governments enjoy to have discussions about crypto. It’s a success since we are originating from an extremely various time” Oyome stated. “It’s a great time for individuals playing in the stablecoin area.”

The growing usage of stablecoins provides a chance for Raenest to enhance its payment operations. Oyome stated stablecoins assist Raenest settle payments much faster.

“What we’ve viewed as the most significant worth is speed,” Oyome stated. He described that stablecoins enable the business to gather and settle funds quicker, enhancing its capital and offering it quicker access to cash that would otherwise take days to show up.

As Raenest integrates conventional currencies with stablecoins, Oyome stated the business wishes to protect consumers from the technical intricacy behind moving cash throughout various networks.

“It can feel complex. We do not desire it to be made complex. We have a mix of fiat and stablecoins,” he stated.

He anticipates monetary services to progress towards a design in which users can move cash without needing to comprehend the hidden payment facilities or compare various stablecoins.