About Kuda
Kuda is a company based in Lagos (Nigeria) founded in 2017. It operates as a FinTech and Freemium. Kuda has raised $91.6 million across 4 funding rounds from investors including Valar Ventures, Target Global and SBI Investment. Kuda offers products and services including Kuda Personal Account, Kuda Business Account, Kuda Card, and Loans and Overdrafts. Kuda operates in a competitive market with competitors including Starling Bank, Monzo, Atom bank, Revolut and TymeBank, among others.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Kuda Technologies Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$91.6 M (USD)
in 4 rounds
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Latest Funding Round
$55 M (USD), Series B
Aug 02, 2021
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Investors
Valar Ventures
& 12 more
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Employee Count
Not available
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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.
People of Kuda
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Software Development Team
33 people
Product Management Team
26 people
Legal and Compliance
10 people
Finance and Accounting
8 people
Human Resources and Administration
7 people
Operations Team
6 people
Senior Team
5 people
Lead Team
4 people
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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.
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.
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Global investments in tech sectors are conducted by Valar Ventures.
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Investor details for Kuda
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Investments & Acquisitions by Kuda
Investment portfolio details for Kuda
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- Transaction dates
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Financial Statements - Kuda
Detailed financials for Kuda
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- Historical revenue
- Profit trends
- Statement rows
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Kuda Comparisons
Peer comparison for Kuda
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Competitors of Kuda
Kuda operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Starling Bank, Monzo, Atom bank, Revolut and TymeBank, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital banking services are offered to consumers and businesses.
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Internet first bank for individuals and businesses
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Digital banking services are provided for individuals and businesses.
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Banking solutions are provided for retail customers and businesses.
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Provider of the digital bank for individuals
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Internet-first banking services are offered to individuals and businesses.
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Detailed competitors of Kuda
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Latest news on Kuda
Complete news archive for Kuda
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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.
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.