Raenest Acquires UK Payments Firm Remitise to Bring More Infrastructure In-House
The Nigerian fintech acquired 100% of Remitise for undisclosed terms, aiming to strengthen its UK regulatory footprint and control over global payment operations.
LAGOS — Nigerian fintech Raenest acquired 100% of UK-based payments company Remitise on Nov. 10, 2026, according to the companies. Financial terms were not disclosed.
Remitise is registered with the UK Financial Conduct Authority. Raenest said the acquisition will strengthen its UK operational and regulatory footprint and give it greater control over parts of the infrastructure used for cross-border payments.
The transaction illustrates why regulated payments licenses and local operating capabilities can matter as fintechs expand internationally. Owning a regulated entity can provide strategic control, but it also brings continuing obligations around safeguarding, financial crime controls, reporting, governance and customer support.
The acquisition does not by itself change every customer product or guarantee a faster payment experience. The practical benefits will depend on how Raenest integrates Remitise’s operations, systems and compliance responsibilities while maintaining service across the corridors it supports.