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Kredete raises $22m in Series A funding

New York based fintech for African immigrants to build credit and access financial services raised $22m in Series A funding led by AfricInvest and Partech.

“Kredete has been focusing on serving the African diaspora while addressing the key bottlenecks faced by payment operators when they move money in and out of Africa,” comments Khaled Ben Jilani, Senior Partner at AfricInvest. “It is one of those extremely rare start-ups that has managed to solve several problems at once — both for its African consumer clients, as well as for the large payments companies operating in Africa.”

Tags

africa, cross border payments, payments, credit, lending