Kredete, a groundbreaking financial software platform, has just secured $2.25 million in seed funding to bridge a major gap in financial services for African immigrants. This funding round, led by BFF and supported by investors like Techstars and the Tezos Foundation, underscores Kredete’s commitment to transforming how African immigrants manage their finances.

Empowering Financial Futures

Kredete, led by CEO Adeola Adedewe, is transforming the way users build credit and send money home. The platform makes it easy for African immigrants to manage their finances and support their families abroad. Kredete aims to offer financial stability and growth opportunities, creating a more connected and inclusive financial world for the African diaspora.

Key Features

• Digital Banking Made Simple: A Kredete account can be opened in just 5 minutes.

• Seamless Transfers: Through the Kredete tag, one can send and receive money across 20+ countries with minimal fees.

• Virtual Banking Benefits: Access a virtual NGN account for secure and flexible transactions.

Remarkable Growth

In just 18 months, Kredete has achieved a 379% year-over-year growth, a 4x revenue increase in the past year, and amassed over 200,000 users. This rapid growth highlights Kredete’s significant impact on the financial well-being of African immigrants.

User Experience

Yinka, a Kredete user, shares: “This loan-finding app is a game-changer! It matches loans to your credit score and offers valuable credit-building education. The interface is intuitive and makes borrowing a breeze.” 

Looking Ahead

Kredete plans to expand its money transfer services to all African countries and introduce additional financial products, including credit cards and loans, tailored for the diaspora. With its innovative use of stablecoins, Kredete keeps transfer fees under $1, making it a cost-effective choice for financial transactions.

Conclusion

Kredete is setting a new standard in financial services by providing African immigrants with innovative tools to manage credit and money transfers effortlessly. With its recent funding and ongoing commitment to user empowerment, Kredete is poised to make a significant impact on the financial well-being of the diaspora.