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

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