Kredete is a Nigerian fintech startup founded in 2023 specializing in cross-border payments and credit access using stablecoin infrastructure. The company has raised $24.75 million in total funding and serves over 4.6 million users with $9 billion in annualized payment volume. In partnership with Visa, Stellar, and Rain, Kredete launched Africa's first stablecoin-backed credit card.
The Kredete Card is a crypto credit card offered by Kredete, available in Africa (50+ countries). There is no annual fee to hold this card.
Best suited for spenders who want a true credit line rather than a pre-funded crypto debit card. It runs on the Visa network and requires full identity verification.
| Tier | Rate | Requirement |
|---|---|---|
| Standard | 0% | No cashback announced; value prop is low-cost cross-border stablecoin payments |
Note: Africa's first stablecoin-backed credit card, co-developed with Visa and Stellar. USDC-settled with real-time FX conversion at point of purchase. Available across 50+ African countries at 150M+ Visa merchants globally. Also offers remittance and credit-building tools (each transaction contributes to user's credit score). Expanding to UAE, Saudi Arabia, and Oman. Specific cashback and fee tiers not publicly disclosed; primary value prop is eliminating high FX fees for African cross-border payments. Raised $2.25M seed, then $22M Series A.
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The Kredete Card is a crypto credit card offered by Kredete. It is available in Africa (50+ countries) and allows users to spend cryptocurrency at merchants worldwide.
The Kredete Card has an annual fee of $0. Note: Africa's first stablecoin-backed credit card, co-developed with Visa and Stellar. USDC-settled with real-time FX conversion at point of purchase. Available across 50+ African countries at 150M+ Visa merchants globally. Also offers remittance and credit-building tools (each transaction contributes to user's credit score). Expanding to UAE, Saudi Arabia, and Oman. Specific cashback and fee tiers not publicly disclosed; primary value prop is eliminating high FX fees for African cross-border payments. Raised $2.25M seed, then $22M Series A.
The Kredete Card is available in Africa (50+ countries). Its availability status is "50+ African countries (GCC expansion planned)".
The Kredete Card is a true credit card, meaning you can make purchases on credit rather than needing to pre-fund the card with cryptocurrency.
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