Native name | Kuda Technologies |
|---|---|
| Industry | Banking |
| Founded | 2019 |
| Founders | Babs Ogundeyi Musty Mustapha |
| Headquarters | , |
| 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]
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