Founded in 2019 by Babs Ogundeyi and Musty Mustapha, Kuda Bank has redefined what modern banking means for Africans.
Born from the founders’ shared vision to make banking simple, affordable, and accessible, Kuda was built as Nigeria’s first full-service digital-only bank, licensed by the Central Bank of Nigeria and powered entirely by technology.
Babs Ogundeyi, a financial strategist and former Special Adviser on Finance, brought deep expertise in public finance and auditing, while Musty Mustapha, a software architect with years of fintech experience, engineered the backbone that powers Kuda’s seamless mobile experience.
Together, they transformed a startup idea into a trusted institution serving over 7 million customers.
Through its no-fee transfers, instant account setup, savings tools, and digital credit access, Kuda has become a household name, championing financial inclusion and setting new standards in Africa’s fintech industry.
Backed by leading global investors, including Target Global and Valar Ventures, Kuda continues to expand its footprint beyond Nigeria, with plans for continental reach.
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