Nigerian fintech startup Kuda secured $1.6 M in a Pre-Series A round

Nigerian fintech company Kuda has raised $1.6 million in a Pre-Series A round.


Haresh Aswani from Tolaram group lead the investment round and other angel investors also joined this round.Kuda was founded by Babs Ogundeyi and Musty Mustapha in 2018 as a first Digital Bank in Nigeria.


To expand business across Africa, Kuda built a partnership with GTBank, Access Diamond and Zenith; one of the largest financial providers in Western Africa.



Nigerian online-only bank startup Kuda raises $1.6M