UK financial services company
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.
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.
Kuda was listed as one of the seven WEF African technology startups of 2021. It won the Neobank of the year by the BusinessDay BAFI (Banking and Financial Institutions) awards in 2021 at the BAFI awards.
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.
Kuda is valued at $500 million and has raised over $90 million from investors, including Target Global and Valar Ventures. It is also currently listed as one of the licensed microfinance banks in Nigeria.
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