Babs Ogundeyi, CEO & Co founder
United Kingdom (UK)
UK, US, Nigeria
Kuda is a full-service, digital-only bank with a mission to make banking more accessible, affordable and rewarding for every African on the planet. Founded by Babs Ogundeyi and Musty Mustapha in 2019, Kuda is headquartered in London and has offices in Cape Town and Lagos, Nigeria - where it operates as Kuda Microfinance Bank under license from the Central Bank of Nigeria.
Kuda launched its beta app in August 2019. In its launch country of Nigeria, Kuda provides banking services through its apps for Android phones, iPhones and the web, allowing millions of Nigerians to operate a spending account, send money, access instant credit, save automatically and earn annual interest without the burden of traditional bank charges such as card maintenance fees, account maintenance fees and excessive transfer fees.
The bank runs on proprietary core banking technology developed by its team of in-house developers. Kuda also issues free debit cards which are delivered at no cost.