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.
Reference:Techcrunch