TerraPay, a global money movement company, today announced its partnership with Raenest, a leading global fintech platform built for freelancers, creators, remote workers, and digital-first businesses. This collaboration supports Raenest’s expansion into India and the Philippines, enabling faster and reliable payouts in local currencies into these markets.
India and the Philippines are among the world’s largest talent hubs for the gig economy with millions of freelancers and remote workers serving international clients across platforms such as Upwork. As demand accelerates for faster, more predictable cross-border payments, this partnership strengthens the underlying infrastructure needed to support the growing digital workforce economy.
Through TerraPay’s global payments network, Raenest customers can access seamless international payouts with improved settlement efficiency, ensuring earnings are received quickly and reliably in local currencies. The integration reinforces Raenest’s commitment to providing freelancers and digital workers with simple, transparent, and dependable access to global income. TerraPay will help Raenest deliver a consistent payout experience designed for speed, reliability, and compliance.
Raenest serves more than 1 million customers globally and has processed over $2B in transactions, supporting digital workers who rely on cross-border payments for everyday income and financial stability. Backed with over $14M by , Google, Seedstars, Techstars, QED, Norrsken 22 and Venture Platforms – Raenest enables earnings from platforms such as Upwork and Fiverr to be settled in under one hour, addressing a critical pain point for freelancers operating in time-sensitive environments. With over 1.6 million freelancers in India and more than 1.5 million in the Philippines, the need for fast and reliable payouts continues to grow at scale.
“The global gig economy is accelerating faster than ever, and millions of independent workers now depend on steady, predictable access to their earnings,” said Ani Sane, CBO and Co-founder of TerraPay. “Our partnership with Raenest is about strengthening the financial backbone that supports this growing workforce. 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, 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.”