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.
No ad to show here.
“We just closed a Series B fundraising round of $55 million, and we are excited for the future of banking in #Africa! 
Kuda
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.
Read more: E-logistics platform secures $150 000 in seed funding
Featured image: Kuda team, Facebook
