Kredete Acquires Gravv To Expand Stablecoin Payment Infrastructure

Kredete, a financial technology platform serving emerging-market and diaspora communities, has acquired Gravv, an agentic stablecoin infrastructure platform for global money movement.

Kredete was founded in 2022 by Adeola Adedewe as a fintech platform enabling African immigrants and diaspora communities to send money home, build credit, and access stablecoin-powered financial products.

Gravv connects banks, blockchain networks and local payment rails, providing infrastructure for multi-currency accounts, payments, FX, liquidity, stablecoin settlement and reconciliation. It claims to have processed more than USD 3 B in annualised volume for over 1,000 businesses across 100+ countries, supported by seven global banking partners.

The acquisition brings this infrastructure in-house, giving Kredete greater control over settlement and routing while opening Gravv’s infrastructure to banks, fintechs, platforms and developers. Kredete, which raised a USD 22 M Series A last year, says it serves 6.5 million+ users and has processed USD 18 B in annualised payments volume.