Kuda

Fintech | Nigeria

Kuda is Nigeria’s leading digital challenger bank and one of the fastest-growing fintechs on the African continent

What They Do

Kuda is a a full-service digital-only bank with a banking license and designed for smartphones.

Kuda processes payments, transfers, issues debit cards (in partnership with Visa and Mastercard), and has partnerships with several incumbent Nigerian banks for physical deposits and withdrawals when needed.

Why we invested:

Product Market Fit: Kudabank is the most popular mobile-first challenger bank for consumers in Nigeria.

Licence: Obtained a microfinance banking license from the Central Bank of Nigeria.

The Founder:

Babs Ogundeyi is the Founder and CEO of Kudabank

Active in:

Nigeria and the UK

KUNE