Kredete Secures $22 Million in Series A Funding on September 17, 2025

According to media reports, Kredete secured $22 million in Series A funding on September 17, 2025. Investors in this round include Polymorphic Capital, Partech, and AfricInvest. With this latest round, Kredete's total funding has reached $24.25 million.Kredete is a financial platform focused on empowering African immigrants, helping users build credit histories and providing low-cost cross-border remittance services through innovative financial solutions. The platform leverages stablecoin technology to reduce transfer fees to below $1, offering a significant advantage over traditional remittance services. Since its inception, Kredete has demonstrated strong growth momentum; it previously completed a $2.25 million seed round in August 2024, highlighting its promising development prospects.Amid rising global demand for cross-border payments, Kredete's innovative solutions offer African immigrants more convenient and cost-effective financial services. This round of funding will further drive the company's technological innovation and market expansion, and is expected to enhance financial inclusion for its target demographic.