Company:Kuda Bank
Native name | Kuda Technologies |
|---|---|
| Industry | Banking |
| Founded | 2019 |
| Founders | Babs Ogundeyi Musty Mustapha |
| Headquarters | , United Kingdom |
| Website | kuda |
Kuda, also known as Kuda Technologies Limited, is a Microfinance Bank and fintech company operating in Nigeria and the UK. It was founded by Babs Ogundeyi and Musty Mustapha in 2019.[1][2][3]
The company initially begun as Kudimoney, or "the bank of the free", an online-only savings and lending platform. It has since undergone a few funding rounds to transform into what is now Nigeria’s first neobank.[4]
Kuda was listed as one of the seven WEF African technology startups of 2021.[5] It won the Neobank of the year by the BusinessDay BAFI (Banking and Financial Institutions) awards in 2021 at the BAFI awards.[6]
In 2024, Kuda and SeerBit announced a partnership through which Kuda's retail customers can make payments on SeerBit's checkout platform without inputting card details.[7]
Kuda is valued at $500 million and has raised over $90 million from investors, including Target Global and Valar Ventures.[8] It is also currently listed as one of the licensed microfinance banks in Nigeria.[9]
See also
- Economy of Nigeria
- List of banks in Nigeria
References
- ↑ "Inside Kuda Bank's playbook for banking every African" (in en-US). 2020-11-13. https://techcabal.com/2020/11/13/kuda-banks-playbook-for-banking-every-african/.
- ↑ Harrison, Polly Jean (2021-04-17). "Top African Challenger Banks Helping the Unbanked Through Mobile Services" (in en-GB). https://thefintechtimes.com/top-african-challenger-banks-helping-the-unbanked-through-mobile-services/.
- ↑ "Kuda Bank: Broadening banking access with innovation" (in en-US). 2022-01-12. https://www.vanguardngr.com/2022/01/kuda-bank-broadening-banking-access-with-innovation/.
- ↑ "Kuda Bank Revolutionises Banking for Millennials" (in en-GB). 2020-11-12. https://digitalbankerafrica.com/kuda-bank-revolutionises-banking-for-millennials/.
- ↑ "7 African startups named WEF Technology Pioneers of 2021" (in en-GB). 2021-06-16. https://disrupt-africa.com/2021/06/16/7-african-startups-named-wef-technology-pioneers-of-2021/.
- ↑ "Kuda Passes 2 Million Customer Milestone, Wins Banking Award – THISDAYLIVE". https://www.thisdaylive.com/index.php/2021/12/04/kuda-passes-2-million-customer-milestone-wins-banking-award/.
- ↑ "SeerBit and Kuda Join Forces to Enhance Seamless Online Payments". 14 August 2024. https://ffnews.com/newsarticle/paytech/seerbit-and-kuda-join-forces-to-enhance-seamless-online-payments/.
- ↑ Lunden, Ingrid (2 August 2021). "Kuda, the African challenger bank, raises $55M at a $500M valuation". https://techcrunch.com/2021/08/02/kuda-the-african-challenger-bank-raises-55m-at-a-500m-valuation/.
- ↑ Research Department - Central Bank - General - Memoranda to Central Banking Advisory Committee (CBAC) - File 2 - January - February 1959 (Report). Reserve Bank of Australia. 2021-09-30. doi:10.47688/rba_archives_2008/01533. http://dx.doi.org/10.47688/rba_archives_2008/01533.
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