Raenest acquires FCA-registered UK payments company Remitise

Raenest has acquired 100% of Remitise, a UK payments company registered with the Financial Conduct Authority. Terms were not disclosed. The deal adds to Raenest's MSB and payment service provider licences in Canada and its international money transfer operator licence from the Central Bank of Nigeria.

Raenest was founded in 2022 by Victor Alade, Richard Oyome and Sodruldeen Mustapha, initially to help freelancers and remote workers get paid by international clients. It now offers USD, GBP and EUR accounts, international transfers, USD cards, stablecoin services and US stock investing, serves more than 1.5 million registered customers and has processed over $3 billion in lifetime volume.

CEO Victor Alade said the purchase is part of building the regulatory foundations and infrastructure to operate in each market rather than relying only on partners. Raenest raised an $11 million Series A led by QED Investors in February 2025.