According to TechFlow, cross-border transfer platform Kredete announced the completion of a US$2.25 million seed round of financing, led by BFF, with participation from Techstars, Tezos Foundation, Polymorphic Capital, Launch Africa, Neer Venture Partners, SDF and DNA Fund.

Kredete is a financial platform dedicated to helping African immigrants build credit and send money home at low costs. Kredete uses stablecoins to significantly reduce transfer fees to less than one dollar.