August 30, 2024
Kredete, a fintech platform focused on African immigrants, has secured $2.25 million in seed funding. The round was led by Blockchain Founders Fund and included investments from Techstars, Tezos Foundation, and Polymorphic Capital.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Kredete | $2.25M | August 30, 2024 | Seed Round | Blockchain Founders Fund | FinTech |
Specializing in credit building and affordable remittances for the African diaspora, Kredete has attracted interest from investors like Launch Africa, Neer Venture Partners, and DNA Fund. Angel investors from payment giants like Wise and Western Union also participated. Kredete plans to expand its services to all African countries, up from the current 20, and is looking to introduce new financial products such as credit cards, auto loans, and mortgage loans to create a comprehensive financial ecosystem.
About Kredete
Kredete is a fintech platform designed to help African immigrants build credit and send money home at low costs. It offers services like credit building, low-fee remittances, and digital banking. The platform aims to make financial services accessible and beneficial for the African diaspora.
Website: https://www.kredete.com/
About Investor
Investor: Blockchain Founders Fund
Blockchain Founders Fund is a venture capital firm that invests in early-stage blockchain and emerging technology startups. They focus on adding value to projects with real-world applications by providing resources and support to help entrepreneurs succeed. The firm offers a go-to-market venture builder program that aids both seasoned and first-time entrepreneurs in various business functions, such as strategy, market intelligence, and customer acquisition.
Location: Singapore
Website: https://blockchainff.com/
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