Kredete has emerged as one of the standout alumni at the Visa Africa Fintech Accelerator Cohort 5 Demo Day held during GITEX Africa in Marrakech, underscoring its growing influence in stablecoin powered financial services for African diaspora communities.
The recognition comes as Visa celebrates supporting over 100 startups across Africa through the accelerator programme, with participating firms collectively valued at approximately 1.4 billion dollars, reflecting the increasing scale and impact of fintech innovation across the continent.
A member of Cohort 3 of the accelerator, Kredete has leveraged mentorship, strategic guidance, and access to global networks to roll out what it describes as Africa’s first stablecoin backed credit card, developed in collaboration with Visa.
The product enables users across 50 African countries to spend United States dollar backed stablecoins at more than 150 million merchants globally, marking a significant shift in cross border payments by addressing longstanding barriers such as high foreign exchange costs, limited acceptance, and currency volatility.
Founded in 2023 by Adeola Adedewe, the company is focused on bridging financial access gaps for Africans both at home and in the diaspora by combining remittance services, stablecoin technology, and a proprietary credit building system.
The stablecoin card, built on USDC and supported by multiple blockchain networks, forms the core of its offering, enabling faster, more transparent, and cost effective transactions while also helping users build credit profiles based on their financial activities across borders.
Industry observers note that Kredete’s rapid growth, which includes serving over 4.6 million users, processing more than 9 billion dollars in annualised payments, and raising 24.75 million dollars in funding, highlights the increasing relevance of alternative financial infrastructure in Africa’s evolving digital economy.
The company is now accelerating its expansion into the Gulf region, with planned rollouts in the United Arab Emirates, Saudi Arabia, and Oman, as it seeks to deepen its mission of delivering inclusive, borderless financial solutions to millions of underserved users worldwide.