African fintech startup Kredete has successfully raised 22 million in Series A funding to accelerate the growth of its credit-building infrastructure and stablecoin-powered money transfers across more than 40 African countries.
The funding round was led by AfricInvest Group through its Cathay AfricInvest Innovation Fund and Financial Inclusion Vehicle FIVE, alongside contributions from Partech and Polymorphic Capital. The investment will support Kredete's mission to expand financial access for Africans both on the continent and abroad.
Since its inception, Kredete has enabled millions of African immigrants to maintain financial connections with their families through seamless money transfers, secure savings, and card payments. The startup's stablecoin infrastructure allows for fast, reliable, and low-cost cross-border transactions, helping users send money across borders while avoiding traditional remittance hurdles.
