Home Business Kuda Bank Hits 1M Customer Base

Kuda Bank Hits 1M Customer Base

Kuda Technologies, the digital-led challenger bank for Africa said that its Nigeria subsidiary – Kuda Microfinance Bank – has acquired over one million customers.

To mark the milestone, Kuda Chief Executive Officer, Babs Ogundeyi, and Chief Technical officer, Musty Mustapha, presented the bank’s 1-millionth customer, Mr. Abiola Jewoola, a gift of N1 million at its Lagos office.

The London-headquartered startup, which launched in Nigeria in 2019 and operates under a microfinance banking licence from the Central Bank of Nigeria, CBN, has witnessed significant growth since the beginning of the COVID-19 pandemic having firmly positioned itself as a safe alternative to brick-and-mortar banks at a time when the significant risk of infection has made visiting banking halls a challenging experience.

Not only is Kuda’s strong digital offering appealing to Nigerian millennials, many of whom are inseparable from their connected smartphones, the bank’s proposition of zero fees on cards, account maintenance and transfers has helped it make headway in Nigeria’s highly competitive retail banking market which is dominated by traditional incumbents.

“Our growth in Nigeria is remarkable no doubt but more importantly, it is an indication of what we can achieve in other markets across the world,” said Babs Ogundeyi.

RELATED ARTICLES

Chi Limited Out-Going MD, Roy Deepanjan Allegedly Mis-Managed N19.6billion Meant For Staff Welfare

…As employees held him hostage, demands for his arrest, prosecution These are unprecedented times at Chi Limited, makers of...

FirstBank Celebrates 2021 Corporate Responsibility And Sustainability Week, Calls For All To Adopt Kindness As A Way Of Life

The best definition of kindness is not one provided by any of the world’s best dictionaries but one demonstrated by how we...

Oil producing countries agree deal to keep prices from going further up

Oil producing nations have agreed to increase their output, with the aim of reducing prices and easing pressure on the world economy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

35 Times Primate Ayodele’s Prophecies On Nigeria And Countries Around The World Came To Pass

The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has made a name for himself in the prophetic ministry with the...

Sixteen-year-old author launches ‘The Black Dragon’ on Sunday, July 25

The formal launch of the book, 'The Black Dragon', a fictional work authored by a 16-year-old boy, Bemiwo Adesina, will hold on...

Chi Limited Out-Going MD, Roy Deepanjan Allegedly Mis-Managed N19.6billion Meant For Staff Welfare

…As employees held him hostage, demands for his arrest, prosecution These are unprecedented times at Chi Limited, makers of...

Small penis: Why is it still considered okay to shame small penises?

By judging on penis size we're feeding into patriarchal ideas of what it means to be masculine. In my...

Recent Comments