Kredete Raises a $22 Million Series A

Kredete, a New York-based financial technology platform that helps African immigrants in the diaspora build credit through instant international money transfers, led by Adeola Adedewe, Fey S., Hakeem (Babatunde) Oriola, and Ebuka (Emmanuel) Arinze, has raised a $22 million Series A funding round led by AfricInvest via their Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), alongside Partech, and with participation from Polymorphic Capital, bringing the total funding to $24.75 million.

Kredete combines international money transfers with a proprietary credit-building engine, allowing users to send funds to over 30 African countries while improving their credit history in the U.S. and beyond. The company has also developed an API-based infrastructure that enables businesses to make secure, affordable cross-border payments into Africa, leveraging modern payment rails and stablecoin technology.

Kredete is expanding its credit-building infrastructure to make credit accessible for Africans, introducing rent reporting, goal-based loans, and credit-linked savings for thin- or no-file immigrants. Central to this is Africa’s first stablecoin-backed credit card, rolling out in 41+ countries, alongside interest-bearing USD and EUR accounts to preserve value and earn yield. On the infrastructure side, Kredete is creating the continent’s largest aggregation layer of banks and wallets, providing businesses a single API for secure, real-time cross-border payouts. The platform enables Africans everywhere to send, spend, save, and build credit seamlessly.

Kredete advances UN Sustainable Development Goals on Decent Work and Economic Growth (SDG 8) and Reduced Inequalities (SDG 10). Since launch, it has reached over 700,000 monthly users, facilitated $500 million in remittances, and boosted users’ U.S. credit scores by an average of 58 points.