Kuda Bank is one of the first digital-only bank in Nigeria. When it’s invented in 2016, it was named KudiMoney and in 2019, it was rebranded and renamed to Kuda Bank. Since then, many of the bank’s users usually call it “KUDA”.
Another Names for Kuda Bank
Another name for Kuda Bank is Kuda Microfinance Bank. It’s sometimes simply referred to as Kuda or Kuda MFB in Nigeria. The digital bank is also referred to as “Kuda Technologies.
Kuda Technologies is the company name. In other words, it’s the financial technology company behind Kuda Bank or Kuda Microfinance Bank (MFB).
Is Kuda a Microfinance Bank?
Yes, Kuda bank is a Microfinance Bank in Nigeria. It full name is Kuda Bank Microfinance Bank operating as Kuda under Kuda Technologies.
The fintech was officially licensed as a microfinance bank (MFB) by the Central Bank of Nigeria (CBN) in 2019. This license allows Kuda to operate as a digital microfinance bank in Nigeria, offering services like savings, loans, and other banking features without needing a traditional physical branch network.
Founded by Babs Ogundeyi and Musty Mustapha, Kuda has been in existence for more than 7 years now. You can learn more about how old is Kuda Bank in Nigeria.
Where is Kuda Microfinance Bank Located?
Kuda Microfinance Bank is located at its registered address at 1-11 Commercial Avenue, Yaba, Lagos, Nigeria. The MFB has anothet location at Moore House, 151 Herbert Marculay Way, Yaba 101245, Lagos Nigeria.
