AfricInvest Leads USD 22M Series A in Kredete to Expand Credit-Building and Cross-Border Payment Infrastructure

15.09.2025

AfricInvest has led a $22 million Series A funding round in Kredete through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), alongside Partech and Polymorphic Capital. The financing will support Kredete’s expansion into Canada, the UK, and Europe, and the launch of Africa’s first stablecoin-backed credit card, as well as new services such as rent reporting, credit-linked savings, and goal-based loans. Kredete has already reached over 700,000 monthly users, facilitated $500 million in remittances, and improved users’ U.S. credit scores by an average of 58 points, furthering its mission to enhance financial inclusion and cross-border payment infrastructure for the African diaspora.
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