[Kredete Completes $22 Million Series A Funding, Plans Global Expansion] African fintech company Kredete announced the completion of a $22 million Series A funding round, led by AfricInvest through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), with participation from Partech and Polymorphic Capital. This round brings Kredete's total funding to $24.75 million. Kredete focuses on helping African immigrants improve their credit history through stablecoin payments and credit-building services, and plans to expand into the Canadian, UK, and European markets. The company intends to launch Africa's first stablecoin credit card, rental credit reporting, credit savings plans, and other features, while developing a bank and wallet aggregation API covering 41 countries to support businesses in achieving secure, low-cost cross-border payments. Currently, Kredete has over 700,000 monthly active users, with total remittance amounts reaching $500 million, and users' U.S. credit scores improving by an average of 58 points.

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[Mavryk Network Completes $10 Million Financing] Layer-1 network Mavryk Network has completed $10 million in financing, led by MultiBank Group, with plans to advance the tokenization of real-world assets (RWA). The collaboration between the two parties will tokenize over $10 billion worth of real estate in the UAE through MultiBank's RWA platform.