Raenest, a Nigerian cross-border funds fintech, wants users to do greater than obtain money from overseas, its co-founder and chief govt officer, Richard Oyome, stated at Moonshot 2026 in Lagos on Thursday.
Oyome traced the corporate’s technique to the evolution of Africa’s fintech market, which moved from increasing entry to digital banking and lending to serving to folks obtain funds from worldwide shoppers as distant work grew in the course of the COVID-19 pandemic. As extra Africans started working for overseas firms and serving clients overseas, he stated, the necessity for monetary providers that join them to world markets grew.
At Raenest Exchange 2026 on October 21, the corporate introduced new merchandise and options, together with Raenest Vaults, a financial savings product providing annual yields of up to 16% on naira balances and seven% on greenback and stablecoin balances. It additionally expanded its USDT and USDC fee capabilities, improved its invoicing and fee hyperlinks, and launched new card choices. The bulletins lengthen the corporate’s providers past cross-border funds.
“We were focused on receiving, but then again, receiving is just the beginning, not the end,” Oyome stated at Moonshot. “The end is after receiving. When we started raenest, we focused on receiving not the end. Now, we’ve solved spending, now we’re focusing on the problem of earning.”
Founded in 2022, Raenest helps people, freelancers, creators, and companies obtain, ship, retailer, and spend money throughout borders. The firm says it has greater than 1.5 million clients and has processed about $3 billion since inception.
Oyome stated Raenest was constructed to assist folks overcome obstacles to taking part within the world economic system by offering accounts in their personal names that join them to worldwide markets. The firm initially targeted on serving to users obtain worldwide funds. Its newer merchandise are supposed to tackle how users retailer their money and earn returns on it.
“Without the ability to earn or connect to global banking industries across the world, there is no opportunity to earn,” he stated.
Oyome additionally stated that the atmosphere for firms working within the crypto business was additionally altering, with governments throughout Africa changing into extra open to discussions about digital belongings.
In July, Nigeria signed a Virtual Assets Coordination prder that established a framework to coordinate oversight amongst monetary, income, and capital markets companies. The order additionally supplied for a regulatory sandbox through which eligible virtual-asset companies can take a look at merchandise underneath supervision. Ghana has additionally introduced its Virtual Asset Service Providers Act, 2025, which offers for the licensing and supervision of companies working within the sector.
“Today, the governments across Africa are adopting. I think governments are happy to have conversations about crypto. It’s a success because we are coming from a very different time” Oyome stated. “It’s a good time for people playing in the stablecoin space.”
The rising use of stablecoins presents a possibility for Raenest to enhance its fee operations. Oyome stated stablecoins assist Raenest settle funds sooner.
“What we’ve seen as the biggest value is speed,” Oyome stated. He defined that stablecoins permit the corporate to accumulate and settle funds sooner, enhancing its money move and giving it faster entry to money that may in any other case take days to arrive.
As Raenest combines conventional currencies with stablecoins, Oyome stated the corporate wants to protect clients from the technical complexity behind transferring money throughout totally different networks.
“It can feel complicated. We don’t want it to be complicated. We have a blend of fiat and stablecoins,” he stated.
He expects monetary providers to evolve in the direction of a mannequin through which users can transfer money with out having to perceive the underlying fee infrastructure or distinguish between totally different stablecoins.
