Kredete raises $22M to launch Africa’s first stablecoin-backed credit card
- Kredete raised $22 million in Series A funding to launch a stablecoin-backed credit card.
- The funding round was led by AfricInvest through its Cathay AfricInvest Innovation Fund.
- Kredete aims to expand its credit-building infrastructure into Canada, the UK, and key European markets.
Kredete's innovative approach to integrating credit-building with remittance services addresses a significant gap in financial inclusion for African immigrants. The potential for scaling its services globally could transform the financial landscape for many underserved communities, making it a noteworthy player in the fintech sector.
