Fintech startup Kredete has announced that it has raised $22 million in Series A funding to scale its credit-building infrastructure and stablecoin-powered transfer services across more than 40 African countries.
The round was led by AfricInvest Group, through its Cathay AfricInvest Innovation Fund and Financial Inclusion Vehicle (FIVE), with participation from Partech Partners and Polymorphic Capital.
Founded to bridge financial gaps for Africans at home and abroad, Kredete has already supported millions of African immigrants in staying connected to their families through seamless remittances, card payments, and secure savings. The company’s platform has become a lifeline for many in the diaspora seeking affordable and reliable ways to send money back home.
“This raise fuels our next chapter as we expand our stablecoin infrastructure that powers global money movement for Africans everywhere – unlocking access, credit, and opportunity across 40+ countries,” Kredete said in a statement.
The new funding will enable Kredete to strengthen its credit-building tools while scaling its blockchain-enabled money transfer system, which promises faster, cheaper, and more secure cross-border transactions.
With Africa’s remittance market valued at over $95 billion annually and the continent’s young population driving digital adoption, fintech solutions like Kredete are increasingly critical in fostering financial inclusion.
Kredete expressed gratitude to its team, partners, and investors, noting: “We’re just getting started.”
