Kredete has completed a $22 million Series A funding round, with CAIF and FIVE as lead investors.

BlockBeats News, September 17th, African fintech company Kredete announced the completion of a $22 million Series A funding round, led by AfricInvest through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), with participation from Partech and follow-on investment from Polymorphic Capital.

Kredete is committed to helping African immigrants improve their credit records through stablecoin payments and credit-building services, and plans to expand to the Canadian, UK, and European markets. The company will launch Africa's first stablecoin credit card, rental credit reports, credit savings plans, and other new features, and build a banking and wallet aggregation API covering 41 countries to facilitate secure, low-cost cross-border payments for businesses.