Kredete has been recognised at the Cohort 5 Demo Day of the Visa Africa Fintech Accelerator, held during GITEX Africa in Marrakech, for its work in developing stablecoin-based payment solutions.
The recognition comes as Visa announced it has now supported more than 100 startups across Africa through the programme. These companies together are valued at around $1.4 billion.
Kredete, which took part in Cohort 3 of the accelerator, has used the programme’s mentorship and network to develop what it describes as Africa’s first stablecoin-backed credit card, created in partnership with Visa. The card allows users in over 50 African countries to spend U.S. dollar-backed digital currency at more than 150 million merchants worldwide.
Founded in 2023 by Adeola Adedewe, the company focuses on helping Africans, including those living abroad, access modern financial tools. Its platform combines cross-border payments, digital currency, and a system that helps users build credit profiles.
The stablecoin card is central to this offering. Built using USDC, a digital currency tied to the U.S. dollar, it operates across multiple blockchain networks to provide faster and lower-cost transactions. The aim is to reduce common challenges such as high foreign exchange fees, limited payment acceptance, and currency instability.
Since launching in selected African markets, Kredete says it has seen strong user growth. The company is now planning to expand into the Gulf region, including the United Arab Emirates, Saudi Arabia, and Oman.
Adedewe said the company’s goal is to create a fairer financial system for Africans globally. She explained that people who support families across borders should be able to build credit from those financial activities.
At the Demo Day event, Visa highlighted Kredete as an example of how the accelerator programme helps startups move from ideas to real products with market impact. The company’s progress reflects a broader trend of fintech firms in Africa using new technologies to improve access to global financial services.
