Lagos, Nigeria – [Tuesday, 23rd July 2024] – Raenest, a fintech that helps African companies handle world bills and obtain cash effectively with US enterprise financial institution accounts, company playing cards, and a multi-currency pockets system, is proud to announce that it has obtained official approval from the Central Financial institution of Nigeria (CBN) to function as an Worldwide Cash Switch Operator (IMTO).

This vital milestone marks a brand new chapter for Raenest because it expands its companies to facilitate seamless worldwide cash transfers for its rising base of shoppers. The IMTO licence authorises Raenest to supply environment friendly, safe, and cost-effective cross-border fee options, additional enhancing its dedication to monetary inclusion and financial development throughout Africa.

“We’re thrilled to have obtained the IMTO licence from the Central Financial institution of Nigeria,” stated Victor Alade, CEO and Co-founder of Raenest. “This approval underscores our dedication to offering revolutionary monetary companies that meet the wants of companies and people in Africa. With this licence, we are able to now provide a fair broader vary of options to assist our prospects on Raenest and Geegpay navigate the worldwide monetary panorama with ease.”

Raenest additionally holds a Cash Companies Enterprise (MSB) Licence in Canada, additional solidifying its place as a trusted supplier of economic companies on a worldwide scale.

Raenest’s complete suite of economic companies contains:

● Worldwide Cash Transfers: Quick and safe switch of funds throughout borders, supporting a number of currencies and making certain aggressive trade charges.

● International Financial institution Accounts: Provision of US, GBP, and EUR financial institution accounts for African companies and professionals to facilitate worldwide transactions.

● Company Playing cards and Multi-Forex Wallets: Enhanced monetary administration instruments for companies to handle bills and streamline operations.

This approval by the CBN is a testomony to Raenest’s sturdy compliance requirements, safety measures, and dedication to offering distinctive service.

Already, over 500,000 African professionals and companies depend on Raenest suites of merchandise to obtain and switch funds. The corporate is poised to leverage this new functionality to additional drive monetary development for companies, freelancers, creators, and impartial contractors in Nigeria.

For extra details about Raenest and its companies, please go to www.raenest.com or contact [email protected].

About Raenest: Raenest helps African companies handle world bills and obtain cash effectively with US enterprise financial institution accounts, company playing cards, and a multi-currency pockets system. Companies can create US checking accounts, switch cash to over 50 international locations, create as much as 20 currency-based wallets, and handle spending with digital playing cards.

Geegpay by Raenest affords African freelancers, creators, contractors, and distant staff USD, GBP, or EUR financial institution accounts to obtain funds from overseas purchasers with out pointless charges, together with digital playing cards that work in all places.