Company
Kredete is an Africa-based FinTech platform dedicated to empowering African immigrants by helping them build credit and send money globally at low cost. Serving over 500,000 users, Kredete enables seamless transfers to 41+ countries including Nigeria and Kenya which are markets with more than 25.9 million digital asset users. With plans to expand its services for African immigrants in the U.S., Kredete is also developing innovative financial products designed to generate stable yields on customer savings.
Headquarters
Africa
Industry
Neobanks & Fintechs
Products used
USDC Yield
Kredete, a fintech platform serving over 500,000 African immigrants globally, has partnered with OpenTrade to launch "Kredete Earn," a seamless yield product embedded within the Kredete app. This collaboration enables users to earn stable, dollar-denominated returns of 2–9% on USD stablecoin balances (USDC, USDT, EURC), backed by high-quality real-world assets such as U.S. Treasury Bills and money market funds from institutions like Fidelity.
OpenTrade provides the underlying "yield-as-a-service" infrastructure, allowing Kredete to offer compliant, liquid yield options without building complex systems from scratch. The partnership focuses on empowering the African diaspora with accessible financial tools for saving, sending, and growing money across borders, aligning with OpenTrade's mission to integrate stablecoin yields into fintech ecosystems.
In many African countries, economic challenges such as high inflation, rapid currency depreciation, and limited foreign currency reserves have long driven the adoption of cryptocurrency. Take the Nigerian naira, for example. Naira has lost about 70% of its value in the past year while in Zimbabwe, the newly launched gold-backed ZiG currency has already lost half its worth.
It’s no surprise that both businesses and individuals across the continent have turned to cryptocurrency, and more recently to dollar-backed stablecoins, as a reliable way to protect savings and send money abroad. But while stablecoins help preserve value, Kredete’s core users, African immigrants, still face additional challenges including limited access to affordable credit and yield-generating opportunities on their dollar holdings. In most cases, it is nearly impossible for Africans to access stable yield products for USD.
At Kredete, our mission has always been to unlock financial opportunities for Africans everywhere. Partnering with OpenTrade allows us to deliver stable, high-quality yields directly to our users’ wallets without the friction of complex requirements. It’s simple, accessible, and built for the realities of our users.
Ebuka Arinze
Chief Product Officer at Kredete
As an Africa-based fintech serving over 500,000 users, Kredete required a yield solution that could reliably help African immigrants grow and protect their savings in USD without friction or legal complexities. Traditional banks either didn’t offer these products, or made them so complex and restrictive that most people were excluded.
To meet this need, Kredete required a platform that:
Accessible yield solution that could be seamlessly integrated into their app to enhance financial inclusion for the African diaspora. Stable, high-quality returns (ideally 2–9% APY) backed by low-risk assets like U.S. Treasuries, without volatility or complexity.
Liquidity and flexibility with no minimum deposits, lock-ups, or off-ramping to fiat, allowing instant accrual, daily compounding, and same-day withdrawals.
Compliance and security to ensure the product was suitable for all users across 41+ countries, while maintaining a simple UX that didn't require additional onboarding.
A plug-and-play infrastructure to avoid building costly backend systems, enabling quick deployment and scalability for global transfers and savings.
Built for African immigrants, Kredete’s platform makes it easier to build credit, move money across borders, and now, through its partnership with OpenTrade, earn yield in a way that is simple, accessible, and tailored to their needs.
Earn consistent, real-world asset-backed interest on your USDC that is not subject to crypto price volatility.
Assets held and managed through OpenTrade’s bank-grade off-chain operations and network of top-tier banking partners
Earn interest daily and withdraw at any time
Unlock value from access to trusted, traditional investments, while continuing to manage funds on-chain and avoiding the complexities and costs associated with on/off ramping USDC on different platforms/banks
OpenTrade addressed Kredete's needs through our bank-grade "yield-as-a-service" platform.
OpenTrade enabled Kredete to offer its users access to institutional-grade stablecoin yield products through real-world asset backed vaults. This solution delivers a seamless, secure, and compliant way for users to earn attractive, risk-adjusted returns on their idle USDC balances without exposure to crypto volatility.
This allows Kredete users that are looking for a way to put their USDC to work and earn high risk-adjusted returns a way to do so without having to off-ramp or onboard to yet another new platform.
