- Global monetary platform Raenest has acquired UK-based payments firm Remitise, strengthening its presence in the United Kingdom as a part of its worldwide growth technique.
Raenest, the global monetary platform offering cross-border monetary companies to people and companies, has introduced the acquisition of a 100% possession stake in Remitise, a UK-based payments firm registered with the Financial Conduct Authority (FCA).
The acquisition represents a strategic funding in Raenest’s worldwide monetary infrastructure and strengthens its place in the UK market, one of many world’s main centres for monetary companies and cross-border commerce.
The transaction is a part of the corporate’s broader technique to deepen its presence in main worldwide markets whereas creating better possession of the infrastructure supporting its monetary companies.
The acquisition builds on Raenest’s current worldwide regulatory footprint, which incorporates Money Services Business (MSB) and Payment Service Provider (PSP) licences in Canada, alongside an International Money Transfer Operator (IMTO) licence issued by the Central Bank of Nigeria. With the addition of Remitise, an FCA-registered UK payments firm, Raenest is strengthening its regulatory and operational presence throughout key global monetary markets.
What the acquisition means for Raenest
The acquisition of Remitise gives Raenest with possession of a longtime UK payments enterprise with an current FCA registration.
This creates alternatives for the corporate to strengthen its native operations, deepen monetary partnerships and develop further cost capabilities, topic to relevant regulatory permissions.
For monetary expertise firms working throughout borders, buying an current regulated enterprise can present another to constructing a brand new authorized and regulatory construction from the bottom up.
It may also assist better operational flexibility and management over sure monetary companies actions, relying on the regulatory permissions held by the acquired entity.
“Acquiring Remitise is a strategic investment in the financial infrastructure required to support our international growth,” mentioned Victor Alade, Co-founder and CEO of Raenest.
“As we expand, we’re focused on building the regulatory foundations, financial partnerships and operational capabilities needed to serve our customers and businesses more effectively across borders.”
Raenest’s growth and monetary efficiency
Founded in 2022 by Victor Alade, Richard Oyome and Sodruldeen Mustapha, Raenest initially targeted on simplifying worldwide payments for freelancers and distant staff earlier than increasing right into a broader monetary companies platform.
The firm at the moment gives global USD, GBP and EUR accounts, worldwide transfers, digital and bodily USD playing cards, stablecoin companies, US inventory investing and eligible yield merchandise.
Raenest has grown to over 1.5 million registered prospects and processed greater than $3 billion in lifetime transaction quantity.
In February 2025, the corporate raised $11 million in Series A funding led by QED Investors, bringing its complete disclosed funding to over $14 million.
The funding supported the corporate’s worldwide growth plans, product growth and funding in monetary infrastructure.
The acquisition of Remitise builds on these priorities as Raenest continues to strengthen its presence throughout worldwide markets.
Strengthening its UK monetary companies presence
The United Kingdom represents an necessary marketplace for Raenest, given its position in worldwide payments, monetary companies and global commerce.
By buying Remitise, the corporate is investing in native monetary infrastructure to assist its long-term operations in the market.
The transaction can be anticipated to create alternatives for stronger relationships with monetary establishments and cost companions, whereas supporting the event of further monetary companies capabilities over time.
However, the acquisition doesn’t routinely prolong Remitise’s regulatory permissions to different Raenest entities or merchandise. Any further companies will stay topic to the related regulatory necessities.
Security and regulatory compliance
Raenest’s worldwide growth is supported by its current regulatory and compliance framework.
The firm maintains regulatory registrations in Canada and an International Money Transfer Operator (IMTO) licence issued by the Central Bank of Nigeria.
It has additionally maintained its ISO certification by means of two consecutive renewal cycles and obtained a Certificate of Compliance with the Nigeria Data Protection Regulation (NDPR).
These investments kind a part of the corporate’s broader efforts to strengthen info safety, knowledge safety and operational resilience because it scales internationally.
What you must know
- Raenest has acquired 100% possession of Remitise, a UK-based payments firm registered with the FCA.
- The acquisition strengthens Raenest’s UK presence and helps its worldwide monetary infrastructure technique.
- Raenest serves over 1.5 million registered prospects and has processed greater than $3 billion in lifetime transaction quantity.
- The firm raised $11 million in Series
