Kuda Expands, Enters UK Market – THISDAYLIVE

Nigerian fintech company, Kuda has announced the launch its service in the United Kingdom, following an investment of $90 million. Specifically, CEO and co-founder Kuda, Babs Ogundeyi said the move will enable UK-based Nigerians tackle high remittance costs on large transfers that presently average at 8 percent, against the three percent target of Sustainable Development Goal, SDG.

Ogundeyi said, “Africans in the UK are faced with barrier after barrier when it comes to financial services – from challenges setting up accounts to prohibitive and inconsistent fees on meaningful transfers. They are forced to limit each transfer to a few hundred pounds to avoid losing money or face escalating exchange rates with bigger transfers.

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