Kredete, a Nigeria-founded fintech, has successfully raised $22 million in a Series A funding round, bringing its total funding to $24.75 million. This investment aims to expand access to credit and affordable financial services for African immigrants globally, particularly with a focus on new markets like Canada, the United Kingdom, and key European countries.

• The $22 million Series A round was led by AfricInvest through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), with participation from Partech and Polymorphic Capital.
• Kredete enables users to send money to over 30 African countries while simultaneously building credit history in markets such as the United States.
• The company plans to introduce new products, including rent reporting services, credit-linked savings plans, goal-based loans, and Africa’s first stablecoin-backed credit card, to be deployed across 41+ countries.