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Kuda, a digital bank that operates in Nigeria has secured $55-million in a Series B funding led by an undisclosed investor.
In a social media post shared on their Facebook page, the innovative fintech startup commented on the recent funding secured.
Founded in 2019 by Babs Ogundeyi and Musty Mustapha, Kuda is a full-service digital-only bank with a banking license.
The fintech-focused startup has grown to provide B2C and B2B banking services to consumers in Nigeria and has reportedly over $2-billion in transactions during February 2021.
Featured image: Kuda team, Facebook