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Kuda relaunches cross-border remittance with multi-currency wallet
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Kuda relaunches cross-border remittance with multi-currency wallet

Three years after shelving its initial remittance plans, Nigerian digital bank Kuda Technologies has relaunched its cross-border payment offering through a new multi-currency wallet, allowing users outside Nigeria to send money directly to Nigerian bank accounts. Announced at a media briefing on Monday, Kuda’s Chief Executive Officer Babs Ogundeyi and Senior Vice President of Business […]

Kuda relaunches cross-border remittance with multi-currency wallet
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Kuda doubles revenue to $22mn in 2022, losses continue to mount

Nigeria-focused neobank backed by Target Global, Kuda bank saw its revenue double in 2022, according to the latest audited financial statements filed with U.K. regulators, where the startup is incorporated. The company reported a 190% increase in revenue, reaching $22 million (£17.2 million), up from $7.7 million (£6 million) in 2021, driven by a surge […]

Kuda relaunches cross-border remittance with multi-currency wallet
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Kuda Business hits 100,000 customers milestone

Melvin Onwubuke Kuda Business, a division of Kuda Microfinance Bank, has attained 100,000 customers milestone on its platform, according to The Punch. According to Kuda, more than 100,000 freelancers and micro, small, and medium-sized enterprises in the country are supported by the business management and banking platform. Kuda, in 2022 launched an all-in-one business manager, […]

Kuda hits N55.8trn transactions
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Kuda hits N55.8trn transactions

Nigerian neobank Kuda has done ₦55.8 trillion in transactions since its inception in August 2019, CEO Babs Ogundeyi disclosed in a New Year’s greeting to subscribers. While serving more than seven million clients, the bank, according to Ogundeyi, accomplished this milestone. “We are proud of the headway we made against all odds,” he said. Kuda, […]

Opay, Kuda, others to be taken down from fund transfer channels - Report
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Opay, Kuda, others to be taken down from fund transfer channels – Report

          Banks in Nigeria have received instructions from the Nigeria Interbank Settlement System Plc to remove all non-deposit-taking financial institutions from their NIP fund transfer channels. Non-deposit-taking financial institutions encompass switching companies, payment solution service providers, and super agents. The NIP fund transfer channels comprise USSD, mobile banking apps, POS, ATMs, […]

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