Kredete Raises $22 Million to Expand Credit and Stablecoin Infrastructure Across Africa
The investment will support Kredete’s mission to expand financial access for Africans both on the continent and abroad.
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.
With this new capital injection, Kredete aims to scale its stablecoin network and strengthen the digital financial ecosystem across Africa. The company emphasized that the funding will unlock greater access to credit, financial tools, and economic opportunities for users in over 40 countries.
Kredete expressed gratitude to its team, partners, and investors, noting that this milestone marks the beginning of its next growth phase in reshaping African financial services.
