Tuesday, July 22, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

Kuda, a Nigerian digital bank, has raised USD55 million in a Series B funding round at a valuation of USD500 million

Tech Gist Africa by Tech Gist Africa
08/02/2021
in Funding, Innovator of the Week, News - West Africa
0 0
0
Kuda Nigerian digital bank Tech Gist Africa

Kuda Nigerian digital bank Tech Gist Africa

0
SHARES
Share on FacebookShare on Twitter

Kuda Bank, a Nigerian startup based in London that operates in the United Kingdom, has raised USD55 million in a Series B funding round.

The funding was raised at a value of USD500 million.

In addition to Valar Ventures and Target Global, the funding round includes SBI as well as a number of previous angels.

When Kuda announced its Series A funding round of $25 million led by Valar Ventures, the number of registered users jumped to 1.4 million, more than double what it was at the end of March, when it had 650,000.

Andrew McCormack, a general partner at Valar Ventures who co-founded the firm with Peter Thiel and James Fitzgerald, explained that the still-nascent potential of the market, as well as the manner in which Kuda is approaching it, were the driving factors behind the firm’s decision to invest in the startup a second time. “The market is still in its infancy,” McCormack said.

Following the close of the  Series B round of $55 million funding, according to CEO Babs Ogundeyi, the startup will use the funds to double down not only on new services for Nigeria but also on preparing its launch into more countries on the continent in order to create a new take on banking services for every African on the planet.

 

Read more on Tech Gist Africa:

Kuda, a Nigerian digital bank, has raised $25 million in a Series A round of funding to help it expand across Africa

Nigeria-based Digital-only Bank Kuda secures $1.6 Million

Nigeria’s Kudimoney obtains Microfinance Bank License, changes Brand Identity to Kuda

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

telecommunications
Mobile networks

Cameroon Fines MTN and Orange $4.6 Million for Poor Service Delivery

by Tech Gist Africa
07/11/2025
0

Cameroon’s telecom regulator has issued fines totaling approximately 2.6 billion CFA francs (around US $4.6 million) to MTN Cameroon and Orange...

Read more
Cerebrium South Africa

Cerebrium, a South African AI startup raises $8.5 million seed funding

07/11/2025
BuuPass QuickBus Kenya

BuuPass, a Kenyan mobility startup has secured strategic funding from Yango Ventures

07/10/2025
Complete Farmer Ghana

Complete Farmer, a Ghana-based agritech company Raises $2.5 Million

07/09/2025
Wave Senegal

Wave, a Senegal‑based fintech startup has secured a $137 million debt financing facility

07/09/2025
Next Post
Google Pixel 6

Google has unveiled the Pixel 6 and Pixel 6 Pro, the latest generation of its flagship phone line

twitter

Twitter collaborates with news organizations to combat misinformation

Zoom video conferencing app

Zoombombing lawsuit to be settled for $85 million by Zoom

No Result
View All Result

The Big 5

Africa Tech

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

...

Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

by Tech Gist Africa
07/14/2025
0

...

Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

by Tech Gist Africa
07/08/2025
0

...

AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

by Tech Gist Africa
07/08/2025
0

...

Google for Startups Accelerator Africa

15 African AI startups Selected for Google for Startups Accelerator Africa

by Tech Gist Africa
07/08/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.