Kuda Overview
- Year Founded
-
2016

- Status
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Private
- Employees
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120

- Latest Deal Type
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Series B
- Latest Deal Amount
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$15M
- Investors
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24
Kuda General Information
Description
Developer of a full-service digital-only bank platform designed to assist consumers in smart budgeting, saving, and spending. The company's platform allows the opening of a digital account synchronized with the bank which excludes unnecessary bank charges, helps in earning interest, and also assists in gaining access to low-interest loans, enabling consumers to save periodically and earn interest for their savings while excluding any physical banking hassle.
Contact Information
Website
www.kuda.comCorporate Office
- 1-11 Commercial Avenue
- Yaba
- Lagos, 101245
- Nigeria
Corporate Office
- 1-11 Commercial Avenue
- Yaba
- Lagos, 101245
- Nigeria
Kuda Timeline
Kuda Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
9. Later Stage VC (Series B) | 11-Jul-2024 | $15M | Completed | Generating Revenue | ||
8. Later Stage VC (Series B) | 18-Sep-2021 | Completed | Generating Revenue | |||
7. Later Stage VC (Series A) | 18-Mar-2021 | Completed | Generating Revenue | |||
6. Secondary Transaction - Private | 21-Jan-2021 | Completed | Generating Revenue | |||
5. Secondary Transaction - Private | 20-Dec-2020 | Completed | Generating Revenue | |||
4. Seed Round | 10-Nov-2020 | Completed | Generating Revenue | |||
3. Angel (individual) | 20-Sep-2020 | Completed | Generating Revenue | |||
2. Seed Round | 11-Sep-2019 | $1.6M | $1.62M | Completed | Generating Revenue | |
1. Accelerator/Incubator | 13-Aug-2018 | $17.4K | $17.4K | Completed | Generating Revenue |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Kuda Comparisons
Industry
Financing
Details
Kuda Competitors (22)
One of Kuda’s 22 competitors is Paystack, a Venture Capital-Backed company based in Lagos, Nigeria.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Paystack | Venture Capital-Backed | Lagos, Nigeria | ||||
BM Technologies | Corporation | PA | ||||
Monzo | Venture Capital-Backed | London, United Kingdom | ||||
PalmPay | Venture Capital-Backed | Lagos, Nigeria | ||||
Lotus (Financial Software) | Venture Capital-Backed | Nairobi, Kenya |
Kuda Signals
Kuda Investors (24)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
Silverbacks Holdings | Venture Capital | Minority | ||
AdFirst | Venture Capital | Minority | ||
Century Oak Ventures | Venture Capital | Minority | ||
Full Circle Africa | Venture Capital | Minority | ||
Jonomi Ventures | Venture Capital | Minority |
Kuda Investments (3)
Kuda’s most recent deal was a Joint Venture with KT Bank Pakistan. The deal was made on 13-Jan-2023.
Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
---|---|---|---|---|---|
KT Bank Pakistan | 13-Jan-2023 | Joint Venture | Other Commercial Banks | ||
BuuPass | 01-Dec-2022 | Later Stage VC | Application Software | ||
Indicina (Financial Software) | 01-Sep-2021 | Seed Round | Financial Software |
Kuda FAQs
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When was Kuda founded?
Kuda was founded in 2016.
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Where is Kuda headquartered?
Kuda is headquartered in Lagos, Nigeria.
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What is the size of Kuda?
Kuda has 120 total employees.
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What industry is Kuda in?
Kuda’s primary industry is Financial Software.
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Is Kuda a private or public company?
Kuda is a Private company.
-
What is Kuda’s current revenue?
The current revenue for Kuda is
. -
How much funding has Kuda raised over time?
Kuda has raised $107M.
-
Who are Kuda’s investors?
Silverbacks Holdings, AdFirst, Century Oak Ventures, Full Circle Africa, and Jonomi Ventures are 5 of 24 investors who have invested in Kuda.
-
Who are Kuda’s competitors?
Paystack, BM Technologies, Monzo, PalmPay, and Lotus (Financial Software) are some of the 22 competitors of Kuda.
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