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.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU, INEC, others sensitize market women on electoral involvementThe Balance4Her campaign is targeted at increased sensitization on the active participation of women in all governance processes.
Source: Daily Trust - 🏆 13. / 51 Read more »

Fire guts 12 shops in Anambra market - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

Amosun: Capital Market Crucial to Economic Recovery, Infrastructural Development – THISDAYLIVE
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

Equities Market Bucks Gain As ASI Down By N19bnThe domestic equities market yesterday posted a marginal loss of aN19 billion or 0.08 per cent following sell pressures on Guinness Nigeria and 20 others.
Source: LeadershipNGA - 🏆 4. / 77 Read more »