Kredete Secures $2.25 Million In Seed Funding For Stablecoin-Based Cross-Border Transfers

According to Odaily, Kredete, a platform specializing in stablecoin-based cross-border transfers, has successfully raised $2.25 million in a seed funding round. The funding was led by BFF, with participation from Techstars, Tezos Foundation, Polymorphic Capital, Launch Africa, Neer Venture Partners, SDF, and DNA Fund. Kredete aims to utilize stablecoins to reduce transfer fees, enhancing the efficiency and affordability of cross-border transactions.