African fintech firm Kredete has announced the successful raise of $22 million in Series A funding, led by AfricInvest Group through its Cathay AfricInvest Innovation Fund and Financial Inclusion Vehicle (FIVE). The funding round also saw participation from Partech Partners and Polymorphic Capital.
In a statement released on its verified X (formerly Twitter) page, the company said the investment will accelerate its mission of building credit infrastructure and expanding stablecoin-powered transfers across more than 40 African countries.
Kredete noted that, over the years, it has supported millions of African immigrants by simplifying cross-border remittances, card payments, and secure savings. The latest funding, it added, would fuel its next phase of growth, scaling its stablecoin infrastructure to enhance global money movement for Africans.
“This raise fuels our next chapter as we expand our stablecoin infrastructure that powers global money movement for Africans everywhere, unlocking access, credit, and opportunity across 40+ countries,” the company said.
Kredete expressed appreciation to its team, partners, and investors, stating: “We’re just getting started.”
For many African immigrants, the journey abroad is not just about chasing personal dreams; it is also about supporting families back home. Every month, many send part of their hard-earned income across borders to pay school fees, cover medical bills, or put food on the table for loved ones. But these remittances often come at a heavy cost: high transfer fees, long delays, and the uncertainty of exchange rate fluctuations.
This is the challenge Kredete has been working to solve. And now, the company has announced a major step forward, securing $22 million in Series A funding to expand its credit-building infrastructure and stablecoin-powered money transfers across more than 40 African countries.
The funding round was led by AfricInvest Group through its Cathay AfricInvest Innovation Fund and Financial Inclusion Vehicle (FIVE), with additional backing from Partech Partners and Polymorphic Capital.
Over the years, Kredete has quietly become a lifeline for many African immigrants, making it easier for them to send money to their families, pay with cards, and save securely. With the new investment, the company plans to scale its stablecoin infrastructure, making cross-border transactions faster, more affordable, and more reliable.
“This raise fuels our next chapter as we expand our stablecoin infrastructure that powers global money movement for Africans everywhere, unlocking access, credit, and opportunity across 40+ countries,” Kredete said in its announcement.
The promise is huge. Stablecoins, digital currencies pegged to assets like the US dollar, could protect users from the instability of local currencies while cutting down transfer costs that eat into the funds families depend on.
For African immigrants, it could mean more than just convenience. A Kenyan nurse in the UK, a Nigerian engineer in the U.S., or a Ghanaian student in Canada, all sending money home, could soon find it cheaper and safer to support their families. For parents waiting for school fees or farmers relying on remittances to buy seeds, the impact could be life-changing.
Africa’s fintech sector has been one of the continent’s most vibrant success stories, and Kredete’s announcement is another signal that innovation is reshaping how Africans everywhere interact with money. But at the heart of this story are families, millions of them who may soon have an easier way to stay connected, supported, and hopeful.
Kredete boldly said in its message to investors and partners: “We’re just getting started.”
