About Kuda
Kuda is a Financial Services company based in Lagos (Nigeria) founded in 2017. Kuda is recognized as a digital banking app for Africans. It operates on a FinTech and Freemium model. Kuda has raised $91.6 million across 4 funding rounds from investors including Valar Ventures, Target Global and SBI Investment. Its website kuda.com draws about 511 thousand monthly visits. Kuda offers products and services including Kuda Personal Account, Kuda Business Account, Kuda Card, and Loans and Overdrafts. Its focus areas include Banking and Digital Banking. Its legal entity is Kuda Technologies Ltd. Its competitors include Starling Bank, Monzo, Atom bank, Revolut and TymeBank and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
Kuda is established as a digital banking platform targeting Africans with services like free transfers, cashless payments, and savings with interest. Operations are focused on personal and business accounts, offering solutions such as debit cards, loans, and overdrafts. The company serves multiple regions, including Nigeria, the United Kingdom, South Africa, and Canada. Various financial needs are addressed through innovative tools for saving, spending, and business management. The platform is designed to simplify financial transactions across borders.
- Total Equity Funding$91.6M (USD)
in 4 rounds
- Latest Funding Round$55M (USD), Series B
Aug 2021
- InvestorsValar Ventures
& 12 more
Products & Services of Kuda
Kuda offers a comprehensive portfolio of products and services, including Kuda Personal Account, Kuda Business Account, Kuda Card, and Loans and Overdrafts.
Personal accounts are provided for saving and spending.
Business accounts are offered for managing company finances.
Debit cards are issued for cashless transactions daily.
Credit solutions are provided for personal financial needs.
Apps and channels of Kuda
its YouTube channel Kuda App has 8.77K subscribers and 30 videos.
Videos from Kuda
The most watched videos on Kuda's YouTube channel, Kuda App (8.77K subscribers). Click a video to play it here.
More on Kuda App.
Funding Insights of Kuda
Kuda has successfully raised a total of $91.6M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $55 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $91.6M
- Total Rounds 4
- Last Round Series B — $55M
- First Round $1.6M
(Sep 2019)
- Investors Count 13
All 4 funding rounds of Kuda with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $55M | Series B | – | Valar Ventures, Target Global | |
| Mar 2021 | $25M | Series A | – | Valar Ventures | |
| Nov 2020 | $10M | Seed | – | Target Global | |
| Sep 2019 | $1.6M | Seed | – | Startupbootcamp |
13 investors in total: 5 institutional and 8 angel.
Investors in Kuda
Kuda has secured backing from 13 investors, including venture fund and angel investors. Prominent investors backing the company include Valar Ventures, Target Global and SBI Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global investments in tech sectors are conducted by Valar Ventures. | – | valar.com | New York, United States | |
Venture capital firm | – | targetglobal.vc | London, United Kingdom | |
Venture capital funds are managed to support unlisted companies' growth. | – | sbinvestment.co.jp | Minato City, Japan | |
Investments are directed toward pre-seed to Series C technology companies. | – | entreecap.com | London, United Kingdom | |
Tech focused global accelerator firm | – | startupbootcamp.org | London, United Kingdom | |
RJ Raffael Johnen | CEO of Auxmoney, active angel investor in fintech and tech startups. | – | unknown_999e4fdb3d964ebaa | - |
JL Johan Lorenzen | - | – | unknown_34abeee8998645259 | - |
BK Brandon Krieg | Co-founder of Stash, fintech innovator, active angel investor in Indian startups | – | unknown_85589282c5c04c639 | - |
ER Ed Robinson | Angel investor and entrepreneur, co-founder of StashAway, focused on fintech | – | unknown_a0cb2833d5b744ec9 | - |
OJ Oliver Jung | Global angel investor, early backer of Indian startups like Razorpay | – | unknown_a76e4322ab5a415ba | - |
Investor details for Kuda
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Kuda
123 people are tracked at Kuda (16 in leadership, 107 in team).
| Name | Role | Group |
|---|---|---|
Gary Johnson | Vice President People & Talent | Leadership |
Musty Mustapha | Co-founder/cto | Leadership |
Babs Ogundeyi | Founder / CEO | Leadership |
Emmanuel Odeniya Cfc, Aicpm | Head Of Non Customer Facing Products (core Banking & Internal Tools) | Leadership |
Kayode Ilesanmi | Head Of Engineering | Leadership |
Oladipupo Aina | VP Of Technology | Leadership |
Precious Akin Iluku (FCCA, RA, CIFRS, ACTI) | Chief Financial Officer | Leadership |
Rasaq Kadri | Head Of Compliance | Leadership |
Rachael Olubusola Odusami | Head Of Hr, Nigeria | Leadership |
Dmitry Filippov | VP Of Product | Leadership |
Natalia Lyarskaya | Managing Director - Credit | Leadership |
Mondor la Grange | Head Of Business Intelligence And Data Engineering | Leadership |
Tunde Kabir Mason | Head Of Product Design | Leadership |
Aralola Araoye | Talent Acquisition Partner II | Leadership |
Matteo Bonadies | Head Of Strategy And Business Operations | Leadership |
Adedolapo Adesina | Vp, Legal | Leadership |
Toluwalope Olabosoye | Senior Debt Collection Officer | Team |
Busayomi D A. | Talent Acquisition Analyst | Team |
Sarah Ilori | Senior Back Office Specialist (operations) | Team |
Aramide Adedeji | QA Engineer II | Team |
103 more people are available in the full profile.
Complete people profiles for Kuda
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Kuda
3 dated milestones of Kuda across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Kuda is founded.
- Funding First funding round of $1.6M.
- Funding Latest funding round, Series B, of $55.0M.
Competitors of Kuda
Kuda has 9 listed competitors in our database, 9 of them funded. They include Starling Bank, Monzo, Atom bank, Revolut and TymeBank, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| starlingbank.com | 2014 | London, United Kingdom | $1.01B | 3,231 | Digital banking services are offered to consumers and businesses. | |
| monzo.com | 2015 | London, United Kingdom | $2.37B | 3,119 | Internet first bank for individuals and businesses | |
| atombank.co.uk | 2014 | Blyth, United Kingdom | $852.48M | 402 | Digital banking services are provided for individuals and businesses. | |
| revolut.com | 2015 | London, United Kingdom | $1.73B | 1,614 | Banking solutions are provided for retail customers and businesses. | |
| tymebank.co.za | 2012 | Johannesburg, South Africa | $13.34M | – | Provider of the digital bank for individuals | |
| allica.bank | 2017 | London, United Kingdom | $502.79M | 180 | Internet-first banking services are offered to individuals and businesses. | |
| aldermore.co.uk | 2009 | Wilmslow, United Kingdom | $218.26M | – | SME-focused banking services are offered to consumers and businesses. | |
| bunq.com | 2012 | Amsterdam, Netherlands | $373.11M | – | Digital banking services are offered to individuals and businesses. | |
| getcarbon.co | 2012 | Lagos, Nigeria | $10M | – | Digital banking services for individuals and businesses are offered. |
Detailed competitors of Kuda
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Kuda
The website of Kuda (kuda.com) receives about 510.9K visits a month and ranks #83,214 among all websites worldwide, #1,978 in Sports Betting.
- Monthly visits510.9K
▲ 4.3% vs previous month
- Unique visitors209.6K
per month
- Global rank#83,214
among all websites
- Category rank#1,978
Gambling · Sports Betting
- Bounce rate44%
- Pages per visit4.9
- Average visit3 min 33 sec
- DevicesDesktop 12% · Mobile 88%
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as Kuda (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Related news about Kuda
Complete news archive for Kuda
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Older coverage
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Frequently Asked Questions about Kuda
Kuda was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Kuda is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Kuda is a funded company, having raised a total of $91.6M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.6M, raised on Sep 2019.
Kuda is established as a digital banking platform targeting Africans with services like free transfers, cashless payments, and savings with interest. Operations are focused on personal and business accounts, offering solutions such as debit cards, loans, and overdrafts. The company serves multiple regions, including Nigeria, the United Kingdom, South Africa, and Canada. Various financial needs are addressed through innovative tools for saving, spending, and business management. The platform is designed to simplify financial transactions across borders.
Kuda's top competitors include Revolut, Monzo and Starling Bank.
Kuda offers Kuda Personal Account, Kuda Business Account, Kuda Card, and Loans and Overdrafts.
Kuda has 13 investors. Key investors include Valar Ventures, Target Global, SBI Investment, Entree Capital, and Raffael Johnen.
Kuda operates through Kuda Technologies Ltd.
The website of Kuda receives about 511 thousand visits a month and ranks #83,214 among all websites worldwide.