In a New 12 months message to its customers, Babs Ogundeyi, the CEO of Nigerian digital financial institution Kuda, introduced that it has processed N55.8 trillion ($61.4 billion) in transactions since its launch in August 2019.
This milestone, coupled with serving over seven million clients, underscores Kuda’s resilience and success in opposition to the financial challenges confronted in 2023.
Ogundeyi expressed gratitude to the purchasers for his or her belief throughout a difficult 12 months, acknowledging the nationwide money crunch and monetary struggles that marked 2023. Regardless of these obstacles, Kuda not solely stayed afloat but additionally continued to thrive.
“We’re pleased with the headway we made in opposition to all odds in 2023, from launching cashless options that have been a lifesaver through the money crunch to creating Kuda Enterprise much more helpful for Nigerian entrepreneurs. These are a stable basis for the a lot larger steps we’ll absorb 2024,” he mentioned.
Working underneath a microfinance financial institution license from the Central Financial institution of Nigeria, Kuda gives a complete vary of companies, together with account opening, deposits, transactions, and credit score entry.
The neobank has expanded its portfolio by venturing into cross-border funds and coming into new markets. Kuda’s worldwide footprint now extends to the UK and Pakistan, the latter acquired by the procurement of a digital banking license from the State Financial institution of Pakistan.
Trying ahead to 2024, Ogundeyi outlined Kuda’s concentrate on intensifying efforts on present choices similar to Kuda Overdraft, Kuda POS terminal, and Kuda Enterprise. The CEO expressed optimism, stating, “It doesn’t matter what financial forecasts say, I consider that issues are trying up for us all this 12 months.”
“Kuda will probably be right here to assist you and we’ll have a good time your progress each step of the best way,” the CEO mentioned.
