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Raenest
Your global money partner
Basic Information
Raenest (formerly known as Geegpay) is a financial technology platform designed to help African freelancers, remote workers, and businesses manage international finances. It acts as a “global money partner”, bridging the gap between local African markets and the global economy by providing tools to receive, spend, and invest in foreign currencies.
Website
Location
7460 Warren Parkway, Suite 100, Frisco, TX 75034, US
Revenue Range
Pre-revenue
Startup Stage
Idea
Business Model
B2B
Funding Status
Bootstrapped
Product & Offering
Raenest provides a suite of financial services designed to bridge the gap between African markets and the global economy for individuals and businesses.
Individual Services (Raenest Personal)
Global Bank Accounts: Users can open accounts in USD, GBP, and EUR to receive payments from international clients, employers, or freelance marketplaces like Upwork and Fiverr.
Raenest FastTrack: A specialized feature allowing eligible freelancers to receive Upwork payments in less than an hour, even on weekends, at no extra cost.
Dollar Cards: Offers both virtual and physical USD Mastercards for international online shopping, global subscriptions (e.g., Netflix, Apple Music), and contactless payments via Apple Pay or Google Pay.
Investments (Nest): Allows users to buy fractional shares in leading U.S. companies like Apple, Tesla, and Google for as little as $2.
Currency Conversions: Users can convert funds between supported currencies at competitive rates and withdraw to local bank accounts in over 70 countries.
Stablecoin Support: Facilitates receiving and settling payments in USDC and USDT, which are automatically converted to USD at a 1:1 value.
Bill Payments: Discounted airtime and data purchases directly within the app.
Business Services (Raenest Business)
Multi-Currency Business Accounts: Dedicated accounts for businesses to receive ACH, domestic wire, and SWIFT deposits in major global currencies.
Global Payroll & Contractor Payments: Simplifies paying an internationally distributed workforce across 160 countries at competitive rates.
Smart Invoicing: Tools to create and send professional, automated invoices with features like automatic VAT calculations and payment reconciliation.
Expense Management: Businesses can issue corporate cards to teams to manage and track global expenses for ads, tools, and travel.
Treasury & Multi-Currency Wallets: Allows companies to hold funds in multiple currencies to protect against local currency volatility.
Individual Services (Raenest Personal)
Global Bank Accounts: Users can open accounts in USD, GBP, and EUR to receive payments from international clients, employers, or freelance marketplaces like Upwork and Fiverr.
Raenest FastTrack: A specialized feature allowing eligible freelancers to receive Upwork payments in less than an hour, even on weekends, at no extra cost.
Dollar Cards: Offers both virtual and physical USD Mastercards for international online shopping, global subscriptions (e.g., Netflix, Apple Music), and contactless payments via Apple Pay or Google Pay.
Investments (Nest): Allows users to buy fractional shares in leading U.S. companies like Apple, Tesla, and Google for as little as $2.
Currency Conversions: Users can convert funds between supported currencies at competitive rates and withdraw to local bank accounts in over 70 countries.
Stablecoin Support: Facilitates receiving and settling payments in USDC and USDT, which are automatically converted to USD at a 1:1 value.
Bill Payments: Discounted airtime and data purchases directly within the app.
Business Services (Raenest Business)
Multi-Currency Business Accounts: Dedicated accounts for businesses to receive ACH, domestic wire, and SWIFT deposits in major global currencies.
Global Payroll & Contractor Payments: Simplifies paying an internationally distributed workforce across 160 countries at competitive rates.
Smart Invoicing: Tools to create and send professional, automated invoices with features like automatic VAT calculations and payment reconciliation.
Expense Management: Businesses can issue corporate cards to teams to manage and track global expenses for ads, tools, and travel.
Treasury & Multi-Currency Wallets: Allows companies to hold funds in multiple currencies to protect against local currency volatility.
Key Features
Two-factor authentication (2FA), biometric login (fingerprint and face ID), 3D Secure (3DS) for card transactions, data encryption, instant card freezing/blocking, segregated user accounts, KYC (Know Your Customer) verification, AML (Anti-Money Laundering) monitoring, fraud detection systems, and secure API integrations.
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