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Nairaland Forum / Nairaland / General / Business / Kuda Raises $10 Million in Seed Funding (18791 Views)
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Kuda Raises $10 Million in Seed Funding by LegendHero(m): 2:34am On Nov 11, 2020 |
Kuda, a startup out of Nigeria that operates a popular mobile-first challenger bank for consumers has announced that it has raised $10 million — the biggest seed round ever to be raised in Africa.Source: https://www.thisdaylive.com/index.php/2020/11/11/firm-raises-10m-eyes-digital-first-banking-licence/ 28 Likes 23 Shares
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Re: Kuda Raises $10 Million in Seed Funding by Philipponzaghi: 3:00am On Nov 11, 2020 |
Who Dey give all these guys this money self. Na so so so seed funding we Dey hear everytime. I sabi FinTech too, just dash me investment. 4 Likes |
Re: Kuda Raises $10 Million in Seed Funding by Lordswazz(m): 3:02am On Nov 11, 2020 |
Kudos to these young Nigerians successfully growing plants on a rocky soil composed of nepotism, religious fundamentalism, crony capitalism, and visionless, unsustainable leadership. Some Nigerian youths keep braving the odds, despite the BUAs and Dangotes getting all the juicy concessions, tax cuts, and preferential treatments. There is no special policy made to encourage startups in general, or access to low-interest loans and research grants for meaningful tech startups, but there are several policies for cement producers and crony capitalists disguising as self-made successful multibillionaires. To say that this country is preparing for her future is to lie to yourself and insult logic. 66 Likes |
Re: Kuda Raises $10 Million in Seed Funding by Nobody: 3:12am On Nov 11, 2020 |
This guys are just dreamers and sweet talkers. Pls, don't be deceived with all these sensational money. Number 1, they are an online microfinance bank Number 2. No Investor will give you 10m all at once without meeting a certain milestone. The money is given bit by bit and per milestones Number 3: how did they raise the money, debt financing or selling of their equity. With all the amount they have raised, they will end up becoming mere employees in the company they founded They claim they have 300k customers, something is wrong with that claim, paystack had 60k customers, how come they have 300k customers, even some micro finance bank in naija don't have up to 100k clients. 33 Likes 4 Shares |
Re: Kuda Raises $10 Million in Seed Funding by Nobody: 3:41am On Nov 11, 2020 |
Paystack sale at this time was the most brilliant strategy employed... they have seen zuckerbergs whatsapp pay coming, it is gradually overtaking India 1bn population and sending Google pay into oblivion, china has its wechat(pay), so it's kind of difficult to penetrate china.. it's only a matter of time before its employed in Nigeria. with our addicted usage of whatapp, definitely quickteller, USSD codes, remitta, kuda and all others have serious competition in the nearest future. 9 Likes
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Re: Kuda Raises $10 Million in Seed Funding by Yankee101: 3:46am On Nov 11, 2020 |
Scale, establish revenue, provide value before taking on new capital in subsequent series There's something as too much capital I'm yet to hear of their services 1 Like |
Re: Kuda Raises $10 Million in Seed Funding by Is04970: 4:24am On Nov 11, 2020 |
Kare Omoluabi. 3 Likes 1 Share |
Re: Kuda Raises $10 Million in Seed Funding by GreaterFuture(m): 8:09am On Nov 11, 2020 |
These Virtual Microfinance Banks are the Future and it is so easy to see. Whether day-to-day banking or Fixed Savings Investment, they are the way to go. Hopefully I would be using them on a Full-time basis soon. Anyways if you need Maize, Groundnuts and/or Soyabean in large Quantity within Lagos, I can Supply you at a good Price. Serious persons only Please. Hit my contact in Siggy below 3 Likes |
Re: Kuda Raises $10 Million in Seed Funding by updatechange(m): 8:45am On Nov 11, 2020 |
As much as you might look around & feel there's no hope, especially with the negative things emanating from leaders. Just look at yourself, you are alive. Leave everything else n 1st thank God for life. Then think of a way forward for yourself 1st, before carrying others along 5 Likes 1 Share |
Re: Kuda Raises $10 Million in Seed Funding by Officialhorlah(m): 8:45am On Nov 11, 2020 |
Congrats KUDA 1 Like
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Re: Kuda Raises $10 Million in Seed Funding by KingOdart(m): 8:45am On Nov 11, 2020 |
Congratulation In this sector Omoluabi are number one 7 Likes |
Re: Kuda Raises $10 Million in Seed Funding by chinavs9ja(m): 8:46am On Nov 11, 2020 |
That's great! Do you want to start your own platform like Paystack, Flutterwave, e.t.c Kindly check my signature as I will develop it for you. Fintech really pays. Start yours today! |
Re: Kuda Raises $10 Million in Seed Funding by ATEAMS: 8:46am On Nov 11, 2020 |
Be with someone that requires you to grow, makes you forget your problems, holds your hand, likes to kiss, appreciates art, and adores you. 6 Likes 1 Share
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Re: Kuda Raises $10 Million in Seed Funding by Kobicove(m): 8:48am On Nov 11, 2020 |
There is another company in the fintech space in Nigeria that goes by the name "Kudi". I hope the similarities in their names won't cause some confusion later in future ![]() |
Re: Kuda Raises $10 Million in Seed Funding by Kingpele(m): 8:48am On Nov 11, 2020 |
Great, we need to educate our children the importance of technology and science ,I don't know how that boy that founded Facebook I mean mark will surpass dangote who has been doing business before he was even born..if not science and technology 12 Likes |
Re: Kuda Raises $10 Million in Seed Funding by livebyday(m): 8:48am On Nov 11, 2020 |
Kzinne: Naive stupid comment 12 Likes |
Re: Kuda Raises $10 Million in Seed Funding by FlackoJodye: 8:49am On Nov 11, 2020 |
Content like this gladdens my heart,So happy seeing youngins make it.Knowing my own turn will come soon at my pace..Thank You God.God bless every body Making Major Moves in diff occupations in dis hard Country rn.You all blessed fr |
Re: Kuda Raises $10 Million in Seed Funding by Prismprecious(f): 8:50am On Nov 11, 2020 |
Against all odds, the young minds are making a difference. This is commendable. 1 Like |
Re: Kuda Raises $10 Million in Seed Funding by AgbariOjukwu1: 8:50am On Nov 11, 2020 |
Say no more. Yorubas own and dominate anything Fintech in this country. No be 2by2 shops and screaming market everywhere. We have gone past those ones. 18 Likes |
Re: Kuda Raises $10 Million in Seed Funding by sofiscatedmoron: 8:50am On Nov 11, 2020 |
How manage |
Re: Kuda Raises $10 Million in Seed Funding by datola: 8:50am On Nov 11, 2020 |
Nigerian youths are not lazy youths aftercall. |
Re: Kuda Raises $10 Million in Seed Funding by PHIPEX(m): 8:51am On Nov 11, 2020 |
Very encouraging. |
Re: Kuda Raises $10 Million in Seed Funding by lastchild: 8:51am On Nov 11, 2020 |
who's using this kuda? how good is it? I have the app but haven't used it yet 3 Likes |
Re: Kuda Raises $10 Million in Seed Funding by papabiz(m): 8:52am On Nov 11, 2020 |
chinavs9ja:. Start it na. Or you don't like money ? 27 Likes |
Re: Kuda Raises $10 Million in Seed Funding by IgboSomalia: 8:52am On Nov 11, 2020 |
And Adamu Garba is busy making a fool of himself about. 2 Likes |
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