Fintech Startup Kredete Raises $22M to Boost Credit Infrastructure in Africa

Nigerian fintech startup Kredete has raised $22 million in a funding round led by global venture firms to expand its credit infrastructure and introduce stablecoin-powered transfers in Africa. The company, founded by Adeola Adedew, aims to provide credit access to underserved populations in Africa by leveraging alternative data and digital transactions to create credit profiles.

Kredete plans to deepen partnerships with lenders and expand its credit score API to support financial inclusion across the continent.