The cross-border transfer platform Kredete has completed a $2.25 million seed round financing, led by BFF.

ChainCatcher news, cross-border remittance platform Kredete announced the completion of a $2.25 million seed round financing, led by BFF, with participation from well-known investment institutions such as Techstars, Tezos Foundation, Polymorphic Capital, Launch Africa, Neer Venture Partners, SDF, and DNA Fund.

According to Web3 asset data platform RootData, 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.