2021 BSM Index
TOP 50 BRANDS NIGERIA® 2021
| #5 | Kuda Technologies Ltd |
|---|---|
| CEO | Babs Ogundeyi |
| Year Founded (in Nigeria) | 2018 |
| Website | https://kudabank.com/about/ |
| Head Office | Moore House, 151 Herbert Macaulay Way, Yaba 101245, Lagos |
| Nationality | NG |
Kuda Bank, Kuda, referred to as the bank of the free, because of its little or no charges for services, is a digital banking service provider, designed for smart phone users. It started a few years ago when a small team of people determined to transform banking services launched a savings app for Nigerians. That app was the first step toward what has now become one of the biggest bank in Nigeria in value within this short period of time
Kuda is fully licensed by the Central Bank of Nigeria, CBN and it services more than 1.4million registered users, growing astronomically.
With Kuda, you can open an account within few minutes, track your spending, save more, and make the right money moves. The idea of Kuda is to ease Nigerians from the frustrations they experience with the regular banks – regardless of who they are and where they live in Nigeria.
Kuda Bank recently raised a series B round of funding to the tune of $55 million. This effectively placed the smart bank’s valuation at $500 million as reported by Nairametric. This comes just a few months after raising a $25 million Series A round. The current $500 million valuation puts the company’s naira value at ₦205.75 billion making it among the top 10 banks in Nigeria.
