Why choose Kuda?
Business Lifestyle

Why choose Kuda?

Why choose Kuda?

With the increasing demand for innovations in the banking sector Fintech companies are developing solutions to physical banking issues.

Kuda Bank is one FinTech company that is popular in Nigeria.

But What is Kuda? and Why is it popular?

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What is Kuda

Kuda Microfinance Bank, popularly called Kuda, is a free Nigerian digital bank.

Babs Ogundeyi and Musty Mustapha founded Kuda in 2017. It was formerly known as “Kudimoney” but was renamed “Kuda Bank” in 2019 due to other Fintech start-ups using “Kudi” in their brand name.

Kuda bank is Nigeria’s first “mobile-only” bank licensed by the Central Bank. Its registration number is RC 796975.

Unlike Conventional banks, Kuda doesn’t have distributed branches in various Nigerian states, although it has its Head office at 151, Herbert Macaulay Road, Yaba, Lagos. All Kuda transactions are carried out via its mobile app.

Why is Kuda Popular?

Kuda Bank rose to national fame after it sponsored the 5th season of the popular reality TVshow, Big Brother Naija. Its users and transactions also increased significantly during the Lockdown caused by the Covid-19 pandemic. Kuda also received public support and patronage after publicly supporting the EndSARS protests in 2020.

Why Choose Kuda?

Why have 1.4 million Nigerians chosen Kuda as their preferred bank?

Kuda Bank provides amazing solutions to many banking issues.

As stated earlier, Kuda is a free Digital bank. Kuda doesn’t charge its users for transactions, card maintenance or other banking fees. It stays true to its tagline “The Bank of the Free”.

With Kuda, you would not need to go to an office, fill out numerous forms or wait in line before creating an account. You can simply download the app on your mobile phone and create your Kuda account.

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Kuda also delivers your Debit card to your doorstep if you order it on the app.

Although Kuda doesn’t offer 24/7 customer service, their responses to e-mails, messages and inquiries are swift and they resolve issues almost immediately.

Furthermore, transactions on the Kuda Bank app are swift and trustworthy. Transaction alerts and receipts are sent almost immediately and can even be shared as PDFs.

Retrieving a statement of account is also easy and instant.

Conclusively, Kuda is stress-free, easy to use, fast, efficient and free. This is why you many choose it.

Is it safe though? FIND OUT HERE

Won’t you choose the bank of the free too?

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