Raenest, a Nigerian cross-border bills fintech, desires customers to do greater than obtain cash from in another country, its co-founder and leader government officer, Richard Oyome, stated at Moonshot 2026 in Lagos on Thursday.
Oyome traced the corporate’s approach to the evolution of Africa’s fintech marketplace, which moved from increasing get right of entry to to virtual banking and lending to serving to folks obtain bills from world shoppers as far flung paintings grew all over the COVID-19 pandemic. As extra Africans started operating for international corporations and serving consumers in another country, he stated, the desire for monetary services and products that attach them to world markets grew.
At Raenest Exchange 2026 on October 21, the corporate introduced new merchandise and lines, together with Raenest Vaults, a financial savings product providing annual yields of as much as 16% on naira balances and seven% on greenback and stablecoin balances. It additionally expanded its USDT and USDC fee features, stepped forward its invoicing and fee hyperlinks, and offered new card choices. The bulletins prolong the corporate’s services and products past cross-border bills.
“We had been inquisitive about receiving, however alternatively, receiving is only the start, no longer the tip,” Oyome stated at Moonshot. “The tip is after receiving. After we began raenest, we inquisitive about receiving no longer the tip. Now, we’ve solved spending, now we’re specializing in the issue of incomes.”
Based in 2022, Raenest is helping people, freelancers, creators, and companies obtain, ship, retailer, and spend cash throughout borders. The corporate says it has greater than 1.5 million consumers and has processed about $3 billion since inception.
Oyome stated Raenest was once constructed to assist folks triumph over obstacles to collaborating within the world economic system by way of offering accounts in their very own names that attach them to world markets. The corporate first of all inquisitive about serving to customers obtain world bills. Its more recent merchandise are meant to deal with how customers retailer their cash and earn returns on it.
“With out the facility to earn or connect with world banking industries the world over, there’s no alternative to earn,” he stated.
Oyome additionally stated that the surroundings for firms running within the crypto trade was once additionally converting, with governments throughout Africa turning into extra open to discussions about virtual property.
In July, Nigeria signed a Digital Property Coordination prder that established a framework to coordinate oversight amongst monetary, income, and capital markets companies. The order additionally supplied for a regulatory sandbox during which eligible virtual-asset companies can check merchandise below supervision. Ghana has additionally introduced its Digital Asset Carrier Suppliers Act, 2025, which gives for the licensing and supervision of companies running within the sector.
“Lately, the governments throughout Africa are adopting. I believe governments are satisfied to have conversations about crypto. It’s a luck as a result of we’re coming from an excessively other time” Oyome stated. “It’s a great time for folks taking part in within the stablecoin area.”
The rising use of stablecoins items a possibility for Raenest to enhance its fee operations. Oyome stated stablecoins assist Raenest settle bills sooner.
“What we’ve noticed as the largest worth is velocity,” Oyome stated. He defined that stablecoins permit the corporate to assemble and settle price range sooner, bettering its money glide and giving it faster get right of entry to to cash that might in a different way take days to reach.
As Raenest combines conventional currencies with stablecoins, Oyome stated the corporate desires to protect consumers from the technical complexity in the back of shifting cash throughout other networks.
“It may possibly really feel difficult. We don’t need it to be difficult. We have now a mix of fiat and stablecoins,” he stated.
He expects monetary services and products to conform against a fashion during which customers can transfer cash with no need to know the underlying fee infrastructure or distinguish between other stablecoins.