The Base
  • Founding Year
  • 2017
  • Industry
  • Fintech
  • Segment
  • Digital banking
  • Operating Status
  • Active
Social Links

Kuda, formerly known as Kudimoney, is a full service digital only bank and is the only digital bank in Nigeria that is fully licensed by the Central Bank of Nigeria. It runs predominantly on smartphones and offers saving services with up to 15% interest per year, short term overdrafts as well as spending and money management services via its app with no card or account maintenance fees. Apart from the checking accounts with no monthly-fees, it also offers a free debit card and free withdrawal fees at its partner banks.Kuda also plans to offer consumer savings and P2P payments options on its platform.  


Funding Rounds: 2Total Funding: $1.62 M
Month/Year Amount Round Type Investors Lead Investor
September 2019 $1.6 M Pre-Series A Haresh Aswani, Ragnar Meitern Haresh Aswani
July 2018 $17.5 K Acceleration/Incubation Startupbootcamp AfriTech Startupbootcamp AfriTech

Funding History graph

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Name Designation Social Links  
Babs Ogundeyi Co-founder & CEO
Musty Mustapha Co-founder & CTO
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Company Name Date Amount Stake Source
No acquisition found related to Kuda
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