Kredete Secures $22M to Expand Market in Africa.
1 min read
Nigerian fintech startup Kredete has raised $22 million in Series A funding to scale its credit-building infrastructure and launch stablecoin-powered transfers across African markets.
The round, backed by global venture firms and regional fintech investors, positions Kredete to tackle one of the continent’s most significant challenges—limited access to affordable credit. Despite the rise of mobile money and digital banking, over 350 million Africans remain unbanked or underbanked, lacking a credit history or access to credit.
“Our vision is simple: if you support your family financially, that should count toward your creditworthiness,” said Adeola Adedewe, Founder and CEO of Kredete. “We’re building a system that rewards financial responsibility across borders. This raise is about scaling that infrastructure globally — and ensuring millions of Africans abroad are finally seen, scored, and served.”
Kredete’s platform utilizes alternative data—including mobile transactions, utility payments, and digital footprints—to create credit profiles for consumers who are excluded from traditional banking systems.
With fresh funding, the company plans to expand its credit score APIs for fintechs and digital banks, while forging deeper partnerships with lenders to extend access to credit across Africa and beyond.
About The Author
