Kredete, a fintech company focused on helping African immigrants build credit and access better financial services, has raised $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, capital that will fuel its expansion into Canada, the United Kingdom, and key European markets.
Empowering African Immigrants Through Credit
Founded in 2023 by Adeola Adedewe, a serial entrepreneur, Kredete’s mission is to help African immigrants build credit and access responsible financial services. The platform combines remittances, stablecoin payments, and a proprietary credit-building engine.
Users can send money to over 30 African countries while simultaneously improving their credit history in the U.S. and other markets. In addition, Kredete provides API-based infrastructure that allows businesses to make secure, affordable cross-border payments into Africa using modern payment rails and stablecoin technology.
New Products: From Credit-Building to Cross-Border Finance
Kredete is expanding its credit-building ecosystem with innovative features tailored for thin-file and no-file immigrants who are often excluded from traditional credit systems.
Upcoming features include:
- Rent reporting to credit bureaus
- Credit-linked savings plans
- Responsible, goal-based loans
- Africa’s first stablecoin-backed credit card, rolling out across 41+ countries
- USD and EUR interest-bearing accounts, enabling Africans to preserve value, earn yield, and hedge against local currency volatility
On the infrastructure side, Kredete is building Africa’s largest aggregation layer of banks and wallets, offering businesses a single API for secure, real-time payouts across the continent.
Backers Speak on Kredete’s Potential
“Our vision is simple: if you support your family financially, that should count toward your creditworthiness,” says Adeola Adedewe, Founder and CEO of Kredete. “We’re building a system that rewards financial responsibility across borders.”
Khaled Ben Jilani, Senior Partner at AfricInvest, highlighted Kredete’s unique dual approach: “It is one of those rare start-ups solving problems for both African consumers and large payment operators moving money in and out of Africa.”
Lewam Kefela, Principal at Partech, added: “Adeola and his team are driving transformative innovation in remittance and cross-border payment infrastructure. We’re excited to partner with them.”
With its fresh Series A funding, Kredete is doubling down on its global vision: making credit universally accessible and enabling Africans worldwide to send, spend, save, and build credit on one platform.
