As a boom of African technology ecosystem, more people from the area in the area is a remote landing project with a large corporate company and a global start. But paying keeps the challenge for many freelance and remote workers – they struggle to open an account that receives money, and does not help when the foreigner is not working with a payment platform that does not work. Lagos-based frame is one of the African finals that can enter this problem. Through retail products, Geegpay, Rangest offers freelancers virtual USD, GBP, and EUR accounts, for receiving payments, organize their money. It also provides a virtual and physical debit card that receives various currency such as US dollar. End of March, the company enconds the platform to complete the business with international streamline with a new brand, the raosest for business. Now, the opening raises $ 11 million, led by the QED investor, to expand in Africa. Growth in front of the best flakes, the appearance does not start with freelancers. Victor Alade, along with co-founder Mustapha and Richard Oyome, launched a plan for 2022 companies that match the Norma’s normatives that are subject to an Africa-based Africa. But some months in, the real founder, there is no problem that is not related to the company that sends payment – this is with the struggling individual to accept her. “US companies may not care if the payment is delayed by five days, but for people in Nigeria or Kenya, especially when modifies” the software is a Jumia and the Brush, telling techcrroch. Drawing from work experience, vengeance and founder, which is also bringing African Fatin experiences like lemfi and fairmoney, picot to solve this pain. Geegpay quickly earned traks with freelancers, but enroll a business since the beginning. The team realizes that African companies also need a foreign account for cross-traffic traffic transactions. “The business begins to ask if you can get a fixed bank account to make a payment. That’s when this is starting to think: How much is this building for Africa?” Alade said. In addition to business banking cannot achieve a better time. Until this time, Mercury FTechTech the basis we start restricting business accounts from some countries, including parts in Africa. Meanwhile, competition in the EOR room is heating, with the main players like the Deel who began to consider the continent tightly. The incident is the appearance of a female to be found as a better opportunity: Offers African business method to accept and transmit international payments. Join that can be enjoying the bet will pay. Since launched in 2022, the Queen has paid for more than $ 1 billion – add 160% in the past two years – to be business in the continent. Currently, more than 700,000 people use platforms to receive payment from a global platform like an upwork, fiverr and desire. They also use online shopping and subscription. On the company side, more than 300 companies depend on payment from international customers, raising the capital of investors, and pay Border. The list of clients includes startup like monieoepoint, helium health, Fez delivery, and Matta. RaEtics is saints with some FTE Startups that offer multiple currency accounts for customers in Africa, including Africa, Cleva, Fincraf, gray, verto and skin. Alade emphasizes the raosess due to the edge due to individuals and business targets, not as the players most of the players to complete one customer personas. Company’s intimacy exceeds cross-traffic payments. “We want to make a smooth financial ecosystem for the African financial ecosystem – helps them achieve, odds and grow wealth,” Alade said, a product launcher. Current expansion plan, operation Ravenia in Nigeria below the license of money transfer. As part of the growth plan, the company will appear for the Nigeria’s license and licenses in Egypt, Ghana, Kenya companies have a banking banking in the US and also can secure more areas as the scales. Along the way, the company can attract the talent to support the expansion while carrying Geegpay and RA telments for the business under the brand, which is under the brands. The round series that bring the total rajon funding to be $ 14.3 million. QED investors qed, one of the ferttech vc companies, increasing trails in Africa since 2022. “We believe that the gaps are larger for economy,” Gbenga said To say, “Gbenga’s Gbenga, partner and Marthan Africa in the qed investors. Other investors in Pant-Pan-african VCC Fig Norpersken22, Ventures platform, P1 and seeds.
