Kuda Bank

Last updated
Kuda
Native name
Kuda Technologies
IndustryBanking
Founded2019
FoundersBabs Ogundeyi
Musty Mustapha
Headquarters,
Website kuda.com

Kuda, also known as Kuda Technologies, is a fintech company operating in Nigeria and the UK. It was founded by Babs Ogundeyi and Musty Mustapha in 2019. [1] [2] [3]

It 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]

Kuda is valued at $500 million and has raised over $90 million from investors including Target Global and Valar Ventures. [6]

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References

  1. "Inside Kuda Bank's playbook for banking every African". TechCabal. 2020-11-13. Retrieved 2021-06-17.
  2. Harrison, Polly Jean (2021-04-17). "Top African Challenger Banks Helping the Unbanked Through Mobile Services". The Fintech Times. Retrieved 2021-06-17.
  3. "Kuda Bank: Broadening banking access with innovation". Vanguard News. 2022-01-12. Retrieved 2022-02-05.
  4. "Kuda Bank Revolutionises Banking for Millennials". Digital Banker Africa. 2020-11-12. Retrieved 2023-11-23.
  5. "7 African startups named WEF Technology Pioneers of 2021". Disrupt Africa. 2021-06-16. Retrieved 2021-06-17.
  6. Lunden, Ingrid (2 August 2021). "Kuda, the African challenger bank, raises $55M at a $500M valuation" . Retrieved 11 April 2022.