Wu said that fintech company Kredete has announced the completion of a $22 million Series A funding round, led by AfricInvest's CAIF and FIVE Funds, with participation from Partech and Polymorphic Capital. Founded in 2023, Kredete is dedicated to helping African immigrants improve their credit ratings and enhance the cross-border remittance experience through stablecoin payments and credit-building tools. The new funds will support its expansion into Canada, the UK, and other European markets.
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