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👨🏿‍🚀TechCabal Daily – Buy shares on M-Pesa

Tech • 5d ago
👨🏿‍🚀TechCabal Daily – Buy shares on M-Pesa
**Raenest Takes Off in Asia: Bringing Financial Freedom to Freelancers** In a bold move, Raenest, a Nigerian fintech, has set its sights on the vast freelance markets in India and the Philippines. Just four months after its debut in the US in late 2025, Raenest has expanded its services to these two countries, capitalizing on the growing demand for financial solutions that cater to freelancers. The decision to enter these markets isn't a coincidence. Research has shown that both India and the Philippines have a massive and rapidly growing freelance population, with over 15 million freelancers in India alone. The Philippines has seen a remarkable 208% growth in freelance revenues in just one year, underscoring the need for innovative financial solutions that can keep pace with this growth. Raenest's platform offers a unique value proposition, positioning itself as a bridge between local and international financial markets. Users can open dollar or pound wallets on the platform, receive payments directly from freelance platforms like Upwork, and even accept stablecoins that automatically convert to dollars. This means that freelancers can access their earnings in a more efficient and cost-effective manner, without having to rely on traditional banking systems. While there are existing players in this space, including Wise and Grey, Raenest is betting that its freelancer-first design and features, including an invoicing tool, will give it a competitive edge. The early signs are promising, with locals in these markets showing interest in the platform before it even launched. As Raenest takes off in Asia, the next question is whether this curiosity will translate into consistent use. With its innovative approach and commitment to financial inclusion, Raenest is well-positioned to make a significant impact in these markets.
Source: Original Article. AI-enhanced version.