Kredete Raises $22M To Boost Global Expansion

Nigerian fintech and crypto startup Kredete raises $22M in a Series A funding round. The investment, led by AfricInvest with support from Partech and Polymorphic Capital, will help the company expand its services beyond Africa. With this round, Kredete’s total funding now crosses $24 million.

Building Strong Solutions for Remittances

Kredete started in 2023 to make remittances easier for Africans living abroad. Millions of people in the diaspora send money home every month, but traditional remittance services often charge high fees and take days to process. Because of these problems, many users turned to crypto as a faster and cheaper option.

To stand out, Kredete built unique services that go beyond sending money. For example, the platform introduced credit scores, allowing users to access loans and other financial services. Moreover, the company launched a stablecoin-backed debit card that works in 40 African countries. This card helps users avoid currency volatility while making everyday payments.

Why Investors Backed Kredete

The success of this funding round shows that investors believe in Kredete’s long-term potential. AfricInvest praised the company’s ability to connect diaspora remittances with financial inclusion. Partech and Polymorphic Capital added that Kredete is shaping a new era for African fintech. Their support also highlights how African startups are gaining recognition from global investors.

As a result of this confidence, Kredete raises $22M not just for growth but also for building trust in Africa’s digital finance market.

Expansion Plans Beyond Africa

With this new capital, Kredete plans to expand into Europe, the UK, and Canada. These regions have large African diaspora communities that send billions of dollars home every year. By moving into these markets, Kredete hopes to capture a bigger share of the $95 billion in annual remittance inflows to Africa.

The company will also invest in its credit scoring system and strengthen partnerships with banks and payment providers. Therefore, customers can expect smoother services and stronger integration with global finance.

The Bigger Picture

Africa is one of the fastest-growing regions for crypto adoption. Because of this, platforms like Kredete are filling a huge gap in the market. Unlike global exchanges such as Binance, Kredete focuses on solving local problems first. By combining remittances, credit access, and stablecoin payments, the company is creating an all-in-one financial solution.

This is why the story of how Kredete raises $22M is about more than just funding. It represents how African startups are driving financial innovation and building bridges to the global economy.

Conclusion

Kredete’s journey shows how fintech can transform lives. With $22M in new funding, the company is ready to expand across continents and serve millions of people more effectively. Its focus on remittances, credit access, and stablecoin payments makes it a leader in Africa’s growing digital economy.

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