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TerraPay has partnered with Raenest to enable faster local currency payouts for freelancers in India and the Philippines.
The integration supports Raenest’s expansion into both markets, allowing users to receive cross-border earnings more quickly in domestic currencies.
TerraPay’s payments network will power international transfers for freelancers serving clients in the US, UK and Europe.
India and the Philippines are among the largest freelance talent hubs globally. As more workers depend on overseas income, payment speed and reliability remain critical.
Raenest said it serves more than one million customers and has processed over US$2 billion in transactions.
The company, backed by over US$14 million from investors including QED, Google, Seedstars and Techstars, enables earnings from global platforms to be settled in under one hour in certain markets.
TerraPay said the partnership strengthens payout infrastructure for digital workers who rely on cross-border income.
Ani Sane
Ani Sane, Co-founder and Chief Business Officer of TerraPay, said,
“By enabling faster and more reliable payouts into India and the Philippines, we’re helping freelancers receive their income with the speed and certainty they deserve.
Together, we’re building a payout experience that keeps pace with how the world works today – simple, dependable, and designed for a truly global digital workforce.”
Victor A
Victor A, CEO and Co-founder of Raenest said,
“At Raenest, we believe borders shouldn’t be a barrier, and no one should be cut off from accessing global opportunities and banking services because of their geographic location.
That’s why we’ve partnered with Terrapay to ensure millions of Indian and Filipino freelancers and virtual assistants working remotely with companies and clients in the US, UK, Europe, and other parts of the world can get paid easily, faster, and with more value for their money.”
Featured image: Edited by Fintech News Singapore, based on image by ghiska via Freepik
