Kredete

A financial technology platform for African immigrants in North America, offering instant, low-fee remittances to over 20 African countries and credit-building services. The company provides competitive foreign exchange rates and enables users to build credit with each transaction, granting access to a network of over 1,200 lending partners for credit opportunities.

For businesses, Kredete offers virtual account details to receive payments from customers and partners. The platform supports various payment methods, including ACH transfers, credit/debit cards, and linked bank accounts. A key feature is the use of stablecoin-powered payments and the launch of a stablecoin-backed credit card, a first in Africa. The business model is centered on providing financial tools to an underserved immigrant population, generating revenue through fees on remittances and foreign exchange spreads.

Keywords: remittances, credit building, fintech, African immigrants, stablecoin, cross-border payments, lending, financial inclusion, foreign exchange, virtual accounts