Kuda, Nigeria’s digital-only bank has raised $1.6 million to simplify money management, spending and saving.
The $1.6 million pre-seed investment funding was raised from Startupbootcamp, Haresh Aswani of the Tolaram Group, Ragnar Meitern (an early investor in Monese and Bolt) and other angel investors.
Kuda is a digital-only bank that runs predominantly on smartphones, therefore needs no physical locations to provide full banking services. For users who have no smartphones, the firm has a USSD version.
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