Kredete

Kredete is a financial platform focused on empowering African immigrants by enabling them to build credit and send money home with low fees. Kredete’s use of stablecoins significantly reduces transfer fees to less than a dollar, distinguishing it from traditional remittance services.

Seed Round: $2.25 Million

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

What is Kredete

Kredete is a payment platform that offers decentralized credit scoring solutions. It aggregates and analyzes users' on-chain data to generate credit scores, which can be used by lenders to assess creditworthiness. The platform aims to provide a more inclusive and transparent credit scoring system by leveraging blockchain technology.

At the heart of Kredete’s offerings is a platform that allows African immigrants to send money across over 20 countries with minimal fees, simultaneously aiding them in building a credit history in their new countries. This dual benefit system utilizes blockchain technology to streamline transactions and reduce costs, a critical advancement for immigrants who face the dual challenge of integrating financially into a new environment while supporting families back home.