Kuda Overview

  • Year Founded
  • 2016

Year Founded

  • Status
  • Private

  • Employees
  • 120

Employees

  • Latest Deal Type
  • Series B

  • Latest Deal Amount
  • $15M

  • Investors
  • 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.com
Formerly Known As
Kudimoney
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1-11 Commercial Avenue
  • Yaba
  • Lagos, 101245
  • Nigeria
+234
Primary Industry
Financial Software
Vertical(s)
Corporate Office
  • 1-11 Commercial Avenue
  • Yaba
  • Lagos, 101245
  • Nigeria
+234

Kuda Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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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
To view Kuda’s complete valuation and funding history, request access »

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Kuda Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a full-service digital-only bank platform designed to assist consumers in smart budgeting, saving, and spen
Financial Software
Lagos, Nigeria
120 As of 2021

Lagos, Nigeria
 

PA
 
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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
You’re viewing 5 of 22 competitors. Get the full list »

Kuda Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

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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
You’re viewing 5 of 24 investors. Get the full list »

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
To view Kuda’s complete investments history, request access »

Kuda FAQs

  • When was Kuda founded?

    Kuda was founded in 2016.

  • Where is Kuda headquartered?

    Kuda is headquartered in Lagos, Nigeria.

  • What is the size of Kuda?

    Kuda has 120 total employees.

  • What industry is Kuda in?

    Kuda’s primary industry is Financial Software.

  • 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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