ERA Capital first direct investment into a startup this year – Kredete

2024-09-14

ERA Capital

ERA Capital has made its first direct investment into a startup this year – Kredete!

 

Kredete, a fintech startup, recently raised $2.25M to support African immigrants in building credit score and sending money home. We were drawn to their impressive growth, having more than tripled their revenue to over $300,000 in just six months this year, and the vast potential in both the African market and their expansion into the USA.

 

While ERA Capital now typically focuses on investments in VC Funds, Kredete’s vision and rapid scaling aligned perfectly with our goals. We look forward to supporting them as they continue to grow!

 

A big thank you to Zachariah George, General Partner at Launch Africa VC Fund, for his ongoing support, and Adeola Adedewe, the founder of Kredete, for their incredible work in building such an impactful platform.

 

Read more : https://lnkd.in/dZYwBtzp