Africa: Kredete Raises $22m to Expand Credit Platform for African Immigrants

Africa: Kredete Raises $22m to Expand Credit Platform for African Immigrants

TLDR

Nigerian Fintech Kredete Raises $22M in Series A Funding to Expand Credit-Building Infrastructure

Kredete, a Nigerian financial technology platform that helps African immigrants in the diaspora build credit through instant international money transfers, has raised $22M in series A funding. The funding was led by AfricInvest Group via their Cathay AfricInvest Innovation Fund and Financial Inclusion Vehicle (FIVE), Partech, and Polymorphic Capital. This milestone allows Kredete to expand its credit-building infrastructure […] The post Nigerian…

Kredete raises $22M to launch Africa’s first stablecoin-backed credit card

Kredete, a Nigerian fintech that helps African immigrants build credit and access financial services, has raised $22 million in Series A funding to launch Africa’s first stablecoin-backed credit card and expand its credit-building infrastructure across multiple markets. The round was led by AfricInvest through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), with participation from Partech and Polymorphic Cap…

Kredete Raises $22m Series A Fund to Boost Credit Expansion

By Adedapo Adesanya Kredete, a fintech focused on helping African immigrants build credit and access financial services, has raised $22 million in a Series A round to expand credit-building infrastructure with stablecoin transfers to Africa. The raise was led by AfricInvest through its Cathay AfricInvest Innovation Fund and Financial Inclusion Vehicle, with participation from Partech […]

Nigerian fintech Kredete set to expand into European markets with $22M series A funding

Kredete, a Nigerian fintech company focused on helping African immigrants build credit and access financial services, has secured a $22 million Series A funding round to fuel its expansion into European markets. The round was led by AfricInvest via its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), with participation from Partech and Polymorphic Capital. See also: Moove drivers protest 100% increase in weekly r…

FUNDING | Nigerian Stablecoin Fintech, Kredete, Raises $22 Million Series A After Crossing 700K Users and $500 Million+ in Remittances

Kredete, a fintech company helping African immigrants build credit and access financial services, has secured $22 million in Series A funding. The round was led by: AfricInvest through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), with participation from: Partech and Polymorphic Capital. This brings Kredete’s total funding to $24.75 million and will support the company’s expansion into Canada, the UK, an…