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August 13, 2022
Finance Technologies

Nigerian challenger Kuda Bank raises $25m in Series A funding

Nigerian challenger bank, Kuda, has raised $25 million in Series A funding in a round led by Valar Ventures. Kuda Bank built its core banking system in-house The round is the first time the Peter Thiel-backed VC has invested in an African start-up. The other backer in the fundraising is Target Global, an existing Kuda investor. Founded in 2017, Kuda bank calls itself “the bank of the free”. It offers a no-fee virtual account and accompanying debit card. Kuda also promises spending analytics, and an ability to qualify for “quick loans” in the near future. Customers can set up automatic…
Nigerian challenger Kuda Bank raises m in Series A funding

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