Launch Africa reveals new fintech investment
Launch Africa reveals new fintech investment
Kredete seeks to bolster access to credit in Africa through a digital lending marketplace that connects borrowers and lenders.
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Launch Africa Ventures has announced an investment in fintech company, Kredete.
The firm said in a statement, "Kredete is revolutionising access to credit in Africa through a digital lending marketplace that seamlessly connects borrowers and lenders. Their all-in-one lending infrastructure is designed specifically for lenders, streamlining the entire process from loan application, AI-driven decisioning, disbursement, to repayment and collection. Kredete’s data-driven approach reduces risk, increases profitability, and ensures a smooth lending experience for all parties."
It added, "Kredete is tapping into a vast $360 billion credit gap across Africa, positioning itself to capture a significant market share. By enabling banks and traditional lenders to digitise their loan offerings and customer engagement, Kredete is addressing critical financial needs across the continent. Their innovative platform is not just transforming lending; it's paving the way for financial inclusion and economic growth in Africa."
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