{"id":6149,"date":"2025-09-15T20:35:36","date_gmt":"2025-09-15T19:35:36","guid":{"rendered":"https:\/\/villpress.com\/?p=6149"},"modified":"2025-09-15T21:16:32","modified_gmt":"2025-09-15T20:16:32","slug":"kredete-secures-22m-series-a-to-launch-africas-first-stablecoin-backed-credit-card-and-expand-into-global-markets","status":"publish","type":"post","link":"https:\/\/villpress.com\/zh\/kredete-secures-22m-series-a-to-launch-africas-first-stablecoin-backed-credit-card-and-expand-into-global-markets\/","title":{"rendered":"Kredete Secures $22M Series A to Launch Africa\u2019s First Stablecoin-Backed Credit Card and Expand into Global Markets"},"content":{"rendered":"<p><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/villpress.com\/goto\/https:\/\/www.kredete.io\/post\/kredete-raises-a-22m-series-a-round-to-expand-credit-building-infrastructure-with-stablecoin-transfers-to-africa\"><strong>Kredete<\/strong><\/a>, a fintech company dedicated to helping African immigrants build credit and access financial services, has raised <strong>$22 million in Series A funding<\/strong>. The round was led by <strong>AfricInvest via its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE)<\/strong>, alongside <strong>Partech<\/strong>, with participation from <strong>Polymorphic Capital<\/strong>.<\/p>\n\n\n\n<p>This new raise brings Kredete\u2019s total funding to <strong>$24.75 million<\/strong> and will power its <strong>expansion into Canada, the United Kingdom, and key European markets<\/strong>, while rolling out <strong>Africa\u2019s first stablecoin-backed credit card<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">A Bold Mission: Credit for Africans Everywhere<\/h2>\n\n\n\n<p>Founded in 2023 by <strong>serial entrepreneur Adeola Adedewe<\/strong>, Kredete is on a mission to address one of the most significant challenges facing Africans in the diaspora: <strong>credit exclusion<\/strong>.<\/p>\n\n\n\n<p>By combining <strong>international money transfers<\/strong> with a <strong>proprietary credit-building engine<\/strong>, Kredete allows users to send money to over <strong>30 African countries<\/strong> while simultaneously improving their credit scores in the U.S. and beyond.<\/p>\n\n\n\n<p>Kredete also provides <strong>API-based infrastructure<\/strong> that enables businesses to make secure and affordable cross-border payments into Africa, leveraging <strong>modern payment rails and stablecoin technology<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">New Features for Immigrants and Businesses<\/h2>\n\n\n\n<p>Kredete is introducing <strong>a suite of new products<\/strong> designed to give Africans more financial power, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Africa\u2019s first stablecoin-backed credit card<\/strong> \u2013 set to roll out across 41+ African countries, enabling seamless spending, credit building, and reduced forex fees.<\/li>\n\n\n\n<li><strong>Rent reporting &amp; credit-linked savings plans<\/strong> \u2013 helping thin-file and no-file immigrants build a trustworthy credit profile.<\/li>\n\n\n\n<li><strong>Goal-based loans<\/strong> \u2013 promoting responsible lending and financial growth.<\/li>\n\n\n\n<li><strong>Interest-bearing USD and EUR accounts<\/strong> \u2013 protecting Africans worldwide against currency volatility while allowing them to earn yield.<\/li>\n\n\n\n<li><strong>The largest bank and wallet aggregation layer in Africa<\/strong> \u2013 giving businesses a single API for real-time, secure, and affordable payouts into Africa.<\/li>\n<\/ul>\n\n\n\n<p>With this foundation, Kredete is redefining <strong>cross-border finance<\/strong>, empowering Africans to <strong>send, spend, save, and build credit<\/strong> on a single platform.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Voices from the Raise<\/h2>\n\n\n\n<p>\u201cOur vision is simple: if you support your family financially, that should count toward your creditworthiness,\u201d said <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/villpress.com\/goto\/https:\/\/www.linkedin.com\/in\/adeolaadedewe\/\">Adeola Adedewe, Founder and CEO of Kredete<\/a>. \u201cThis raise is about scaling that infrastructure globally \u2014 making sure that millions of Africans abroad are finally seen, scored, and served.\u201d<\/p>\n\n\n\n<p>\u201cKredete is one of those rare startups solving several problems at once \u2014 for African consumers and for large payments operators,\u201d said <strong>Khaled Ben Jilani, Senior Partner at AfricInvest<\/strong>.<\/p>\n\n\n\n<p>\u201cAdeola and his team are driving transformative innovation in remittance and cross-border payments,\u201d added <strong>Lewam Kefela, Principal at Partech<\/strong>. \u201cWe\u2019re excited to support their journey.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Kredete by the Numbers<\/h2>\n\n\n\n<p>Since its launch, Kredete has achieved:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>700,000+ monthly users<\/strong><\/li>\n\n\n\n<li><strong>$500 million in remittances facilitated<\/strong><\/li>\n\n\n\n<li>An average <strong>58-point increase in users\u2019 U.S. credit scores<\/strong><\/li>\n<\/ul>\n\n\n\n<p>The company\u2019s mission aligns with the <strong>United Nations Sustainable Development Goals (SDGs)<\/strong> on <strong>Decent Work and Economic Growth (SDG 8)<\/strong> and <strong>Reduced Inequalities (SDG 10)<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">About Kredete<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-resized is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"659\" src=\"https:\/\/villpress.com\/wp-content\/uploads\/2025\/09\/Kredete-22M-Series-A-1024x659.jpg\" alt=\"Kredete $22M Series A\" class=\"wp-image-6151\" style=\"width:645px;height:auto\" title=\"\"><\/figure>\n\n\n\n<p>Kredete is a financial technology platform that empowers African immigrants to <strong>build credit and send money instantly<\/strong> to over 30 countries in Africa with low fees. It also provides API-based infrastructure for businesses to enable <strong>secure and affordable cross-border payments into Africa<\/strong>, leveraging stablecoin technology and modern payment rails.<\/p>\n\n\n\n<p><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/villpress.com\/goto\/https:\/\/www.kredete.io\/\">www.kredete.io<\/a><\/p>\n\n\n\n<p><strong>Media Contact:<\/strong><br>Adeola Adedewe<br><a>press@kredete.io<\/a><br>718-750-1371<\/p>","protected":false},"excerpt":{"rendered":"<p>Kredete, a fintech company dedicated to helping African immigrants build credit and access financial services, has raised $22 million in Series A funding. The round was led by AfricInvest via its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), alongside Partech, with participation from Polymorphic Capital. This new raise brings Kredete\u2019s total funding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[484,485],"tags":[481],"ppma_author":[331],"class_list":{"0":"post-6149","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fintech","8":"category-funding","9":"tag-kredete"},"authors":[{"term_id":331,"user_id":1,"is_guest":0,"slug":"pastakutmanwen","display_name":"Villpress Insider","avatar_url":{"url":"https:\/\/villpress.com\/wp-content\/uploads\/2025\/05\/Logo.png","url2x":"https:\/\/villpress.com\/wp-content\/uploads\/2025\/05\/Logo.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts\/6149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/comments?post=6149"}],"version-history":[{"count":3,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts\/6149\/revisions"}],"predecessor-version":[{"id":6155,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts\/6149\/revisions\/6155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/media\/6150"}],"wp:attachment":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/media?parent=6149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/categories?post=6149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/tags?post=6149"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/ppma_author?post=6149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}