7.3 C
Innichen
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

Related posts

UK challenger The Reserve postpones launch due to COVID-19

Amme Jhonson

From open banking to open finance

Amme Jhonson

Turkey’s Halkbank could pay $1bn in fines for court absence

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy