Lagos, September 16, 2025 – Nigerian fintech startup Kredete has secured $22 million in Series A funding to scale its credit infrastructure platform, marking one of the year’s most significant fintech raises in Africa. The funding round was led by International Growth Capital, with participation from regional investors and impact-focused funds.
Kredete operates at the heart of Nigeria’s financial inclusion challenge: limited access to reliable credit data and the lack of formal credit-building systems. By providing digital tools that allow individuals and small businesses to build, monitor, and improve credit scores, the startup aims to bridge a gap that has historically left millions excluded from formal lending channels.
The company plans to deploy the fresh capital to expand product offerings, deepen partnerships with banks and microfinance institutions, and extend its reach across West Africa. According to CEO Kunle Adepoju, Kredete’s mission is to “democratize access to credit by giving Nigerians the tools to build trust with lenders.”
Industry analysts say the raise signals renewed investor confidence in Africa’s fintech sector, despite a global funding slowdown. With Nigeria’s credit penetration still under 10 percent, the opportunity for scalable solutions remains vast.
The funding also reflects a wider trend in Africa’s fintech space, where startups are shifting from payments-focused products to deeper infrastructure plays. If successful, Kredete could position itself as the backbone of a new financial trust economy in Nigeria and beyond.