Nigerian Fintech Raenest Acquires UK Payments Company Remitise To Expand Globally

Raenest, a Nigerian-founded fintech company established in 2022 by Victor Alade, Richard Oyome and Sodruldeen Mustapha, has acquired UK-based payments company Remitise, securing 100% ownership as it expands its international operations.

The Lagos-based financial platform provides cross-border payment services, multi-currency accounts, international transfers and cards to individuals and businesses.

The acquisition gives Raenest access to Remitise’s existing registration with the UK’s Financial Conduct Authority (FCA), strengthening its regulatory and operational presence in the market.

Raenest serves more than 1.5 million registered customers and has processed over USD 3 B in lifetime transactions. The deal builds on its existing regulatory presence in Nigeria and Canada. Financial terms were not disclosed.