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Raiz hits $2.6 million in transactions, redefining cross-border banking for Africans

Oluwatosin Adeyemi by Oluwatosin Adeyemi
June 17, 2025
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Raiz hits $2.6 million in transactions
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Raiz, a fintech company that simplifies international transfers and offers a variety of financial services for Africans, has processed $2.6 million in transactions within its first 90 days of operation. Co-founder Segunfunmi Oyedele revealed the milestone.

Although launched in September 2024, Raiz did not fully begin operations until the second quarter of 2025. The fintech company offers a unified app providing USD banking, real-time currency exchange, international and local cross-border payouts, smart budgeting tools, and virtual cards, all tailored for the African diaspora and continent.

Raiz, which was introduced last year, gives users access to a single, user-friendly app that provides USD banking, real-time currency exchange, international and cross-border local payouts and collections, smart budgeting tools, and virtual cards.

Speaking on the feat, the Chief Executive Founder/Co-founder, Segunfunmi Oyedele, said, “This milestone validates what we’ve believed from the start; the world is going borderless, and Africans should not be left behind. Hitting $2.6m in processed volume within 90 days is not just a number; it’s proof that our product is solving real problems.”

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Contribution of Raiz’s user-friendly, technological infrastructure to its milestone

He went on to say that the company’s user-first strategy, community-led expansion, and strong technological infrastructure were major factors in its early success.

Raiz is rapidly emerging as the preferred platform for people looking for adaptable and transparent financial tools, including freelancers, remote workers, and international students.

“With this momentum, Raiz is now preparing for its public launch with plans to expand features, onboard more users and businesses across multiple markets, and deepen partnerships that support cross-border financial inclusion, making global and local payments and collections accessible and affordable for all,” he added.

Raiz isuses unified, intelligent infrastructure to create a global payment network that links businesses, individuals, and institutions.

Challenges tackled by Raiz

In Africa, cross-border transactions are frequently costly and time-consuming. By offering the Global Passport Account, which enables users to hold and transact in multiple currencies with ease, Raiz tackles these issues.

Raiz allows users to send money to the USA, Australia, Kenya, Ghana, Uganda, and a few other countries by opening a USD account. The service greatly lowers the delays and expenses related to sending money across borders and does away with the need for lengthy travel and paperwork to open foreign currency accounts.

Services offered by Raiz

Raiz also provides features like Communal Savings (Ajo), which uses artificial intelligence (AI) technology instead of the commonly used human element to facilitate easier access to funds and promote community savings.

Raiz also offers analytics reports and a budget so users can keep an eye on their spending patterns and make wise financial choices. Raiz’s Loans and Savings services use cutting-edge technology to promote saving and speed up loan processing for people in need of money, guaranteeing faster access to funds.

Raiz is at the forefront of initiatives like multi-currency accounts and AI-driven financial tools, which are becoming indispensable as the digital banking landscape continues to change.

Tags: cross-border bankingRaiz
Oluwatosin Adeyemi

Oluwatosin Adeyemi

Oluwatosin Adeyemi is a seasoned writer with 5+ years of experience. He holds a degree in Animal Science from Olabisi Onabanjo University. A hardworking and creative individual with a passion for teamwork and self-improvement.

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