Nigerian challenger Kuda Bank raises $ 25 million in Series A funding

Nigerian challenger bank Kuda raised $ 25 million in Series A funding in a round led by Valar Ventures.

Kuda Bank built its core banking system internally

The round is the first time that the VC, supported by Peter Thiel, has invested in an African start-up. The other fundraiser in raising funds is Target Global, an existing Kuda investor.

The Kuda Bank was founded in 2017 and is called “the bank of the free”. It offers a free virtual account and associated debit card.

Kuda too …

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