Kuda Raises $10 Million in Seed Funding - Business (3) - Nairaland
Nairaland Forum / Nairaland / General / Business / Kuda Raises $10 Million in Seed Funding (18922 Views)
Payhippo Raises $3 Million In Seed Funding To Extend Quick Loans To SMEs / Nigerian Startup In Ibadan Raises $10.5M Funding For Online Retail / Nigerian API Startup, Onepipe Secures $950,000 Pre-seed Funding (2) (3) (4)
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| Re: Kuda Raises $10 Million in Seed Funding by codemaniacs: 9:48am On Nov 11, 2020 |
zz 2 Likes |
| Re: Kuda Raises $10 Million in Seed Funding by Nobody: 9:53am On Nov 11, 2020 |
Silicon valley comes to Mind.... Piedpiper!!!!!! 1 Like 1 Share |
| Re: Kuda Raises $10 Million in Seed Funding by tollyboy5(m): 9:56am On Nov 11, 2020 |
Kzinne:People countering the exaggerated claims with point. You came without understanding to type irrevalnt trash!  |
| Re: Kuda Raises $10 Million in Seed Funding by jaxxy(m): 10:02am On Nov 11, 2020 |
Kzinne: Kuda is just starting and not there yet. I think is overhyped and for publicity since paystacks big break. |
| Re: Kuda Raises $10 Million in Seed Funding by Nobody: 10:05am On Nov 11, 2020 |
Lordswazz: Dangote and BUA are rich since Buhari was in his village, their parents are among africa's richest people, they can do well with or without PMB. FG has many initiatives for start-ups and existing business but u're here finding thread to incite ethno-religious debate. Look through these, they may help u or someone: 1. CENTRAL BANK OF NIGERIA’S CREATIVE INDUSTRY FINANCING (CIFI) CREATIVE INDUSTRY FINANCING INITIATIVE The CIFI also has four (4) vertical areas for financing under the eligible creative activities which include Fashion, Information Technology, Movies, and Music. FUNDING Eligible businesses can access loans of over N1, 000,000,000.00 (one billion naira) funded by the Agri-Business, Small and Medium Enterprises Investment Scheme (“AGSMEIS”). The seed fund by the AGSMEIS is approximately N22.9 billion and is appropriated as follows: Student Software Development Loan – N1.0 billion Information Technology – N5.5 billion Movie Production – N3.0 billion disaggregated into: Production – N1.5 billion Equipment Financing – N1.5 billion Movie Distribution – N4.0 billion Music – N5.4 billion Fashion – N4.0 billion 2. FGN SPECIAL INTERVENTION FUND FOR MSMEs (National Enterprise Development Programme) The Fund is a Federal Government of Nigeria initiative to provide subsidized loans to Micro, Small and Medium Enterprises (MSME) at single digit (9% per annum) all inclusive interest rate. The Fund is also to cater for applications received from SMEDAN under the National Enterprise Development Programme (NEDEP) Scheme. 3. CBN; Micro, Small and Medium Enterprises Development Fund (MSMEDF) Micro entrepreneurs (i. e. borrowers seeking loans of less than N500,000) are to approach any of the four institutions: * Microfinance Banks * NGO/Microfinance Institutions * Financial Cooperatives 4. NIRSAL STARTCREDIT Agriculture – The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation. The interest rate is nine percent (9%) per annum. Micro loans – This is for entrepreneurs, traders and students to access up to N1m for existing businesses. The interest rate charged by Nirsal on loans is a minimum with the total dependent on the tenor of the loan. Micro lending is the provision of financial services for people who don’t have access to traditional financial services such as banks. The loans are aimed at individuals who were previously considered “unbankable” by larger banking institutions. These are borrowers who are possibly dealing in small amounts of money each day, living in hard-to-access areas, without credit histories or who don’t meet “traditional requirements” within the banking sector. SME loans – They provide a loan of over N500k to help consolidate or invest in your business, that is repayable in up to 24 months. The loan is for use as working capital or for the purchase of fixed assets. Asset Financing – Asset Finance gives you the opportunity to own that asset you had always longed for. Be it a generator, mobile phone, laptops, washing machine, household furniture etc. 4 Likes |
| Re: Kuda Raises $10 Million in Seed Funding by Princedapace(m): 10:06am On Nov 11, 2020 |
Kzinne: Bro, calm down, u shouldn't be saying this. Both the east and west are very hard working and really been cheated by Northern Nigeria. The day we all stop fighting our selves in the south and focus on our collective enemy from the north, the best for us. How many northerners do u see in the tech world or private startups? But the northerners are everywhere occupying all govt agencies. Deacagon is a Nigerian tech firm doing wonders too and owned by igbo man who also influenced the start of jobberman. See eh, South East and west are too talented. North is enjoying from our sweat and resources. 4 Likes 1 Share |
| Re: Kuda Raises $10 Million in Seed Funding by Nobody: 10:15am On Nov 11, 2020 |
Princedapace:You the asslicker trying to find some group to aligh with, every group of people have their focus in socioeconomic life. The North have their path and u have urs. Dangote and BUA alone can buy all ur investments, instead of tech they chose food & food processing business, a wise man who knows the main problem of Nigerian is food, he later go to cement, now oil. If urs invest $10m dollar in tech, someone in the North invest $100m+ in oil mill, someone invest $100m+ in textile, someone invest $100m+ in rice mills, tractors, fertiliser plants, tomatoes, sugar factories and may more. Who in the North is stopping u from developing when u've thieves as leaders, when ur youth are hoodlums always finding way to arson and loot people's investment. North isn't ur problem bt rather hates and extreme jealousy. When 90% of population are into farming and businesses u come here and tell us we're enjoying ur riches? 2 Likes |
| Re: Kuda Raises $10 Million in Seed Funding by AdekunleScience: 10:22am On Nov 11, 2020 |
Ihatemumu:The real bigots are the immigrants who claim to be the developer of a place that was already developed before they ever learnt to cover their nudes. People who specialize in 2x2 bussiness where they employ only their clan members. People who employ propaganda to discredit the efforts of the indegenous people who create innovative bussinesses, which attract the INVESTMENT that is needed to drive REAL development, and create employment opportunity for anyone who is qualified, irrespective of ethnicity or race. 2 Likes |
| Re: Kuda Raises $10 Million in Seed Funding by sinkhole: 10:29am On Nov 11, 2020 |
Guys, if you want to register on Kuda, please use my referral code BSBCYQMP This enable Kuda to reward me with #200, thank you  |
| Re: Kuda Raises $10 Million in Seed Funding by QuantAnalyst: 10:30am On Nov 11, 2020 |
LegendHero: |
| Re: Kuda Raises $10 Million in Seed Funding by CodeTemplar: 10:32am On Nov 11, 2020 |
Lordswazz:YouWIN was a step in the right direction for start ups but the current govt thinks sharing and Fulani domination is better than attempting to inspire the birth of giants that can sustain many mouths. 1 Like |
| Re: Kuda Raises $10 Million in Seed Funding by lastchild: 10:32am On Nov 11, 2020 |
Haipre:good, does it have a maximum amount it can carry? can someone pay me direct to the app |
| Re: Kuda Raises $10 Million in Seed Funding by Princedapace(m): 10:37am On Nov 11, 2020 |
Coronabirus: How come North East is entering famine in few months to come? How come North is the poorest region in the world? How come North is not developed like Cape Town after ruling Nigeria for decades? how come north is lagging behind in education? How come north is security prone and houses two known terrorist groups feared around the world? How come north is so scared of breakup? How come north is topping in the least of education disadvantage states? Give me answers to these questions. 1 Like |
| Re: Kuda Raises $10 Million in Seed Funding by chinavs9ja(m): 10:38am On Nov 11, 2020 |
ecomalchemist:If you can partner let us start |
| Re: Kuda Raises $10 Million in Seed Funding by chinavs9ja(m): 10:38am On Nov 11, 2020 |
bukxy:If you can partner let us start |
| Re: Kuda Raises $10 Million in Seed Funding by Nobody: 10:49am On Nov 11, 2020 |
Virus99: WhatsApp would be linked to your phone number which links directly to your bank account, more like an advance USSD transfer payment.. its security would definitely be extreme. |
| Re: Kuda Raises $10 Million in Seed Funding by Ajsmart(m): 10:49am On Nov 11, 2020 |
In essence, the startup is foreign owned and eventually transferred over to them in a few years. LegendHero: |
| Re: Kuda Raises $10 Million in Seed Funding by Nobody: 11:20am On Nov 11, 2020 |
Princedapace:North East is famine prone because they've been in IDPs for many years, insecurity won't allow them to farm as they've one of the best farm produce land in the nation. Insecurity is everywhere in Nigeria depending on how it's handled. I hope u saw the signal of during #Endsars protest where hoodlums went on destroying properties, killing people, disorderliness everywhere, it's telling you how it would be if not managed properly, very sound signal which shouldn't be celebrated by senseful humans. North may be poor by figure due to the larger population but still produces the most food many eat in Nigeria and sahel nations. North is lagged behind in education because the number of those out of school is used to weigh the index but educated Kano Indigene alone are as much as one state in Nigeria. 1 Like |
| Re: Kuda Raises $10 Million in Seed Funding by Princedapace(m): 11:45am On Nov 11, 2020 |
Coronabirus: All u said still doesn't change the facts. No one pushed north into high population. Did we ask north to go into terrorism? Did we ask north to birth and birth and birth anyhow they like? How can u use population as excuse for ur problems? How? When it is not by force to have large population u can't meet their needs. North has ruled this country more than any other region. Has North turn into developed region? How can u say u are doing well in education when greater number of ur population are out of school and others need lower cut off marks to secure admission? Guy, sincerely, north is just funny. North remains the poorest region in the world. North remains the region with highest mortality rate North remains the region that doesn't want a breakup or restructuring North remains the only region with highest number of illiterates in the world North destroys alcohol based businesses but still take money generated from alcohol based businesses. I mean, North is simply shameless. I just don't get it. 1 Like |
| Re: Kuda Raises $10 Million in Seed Funding by Houseoffranklin: 12:19pm On Nov 11, 2020 |
I am using Kuda app. I USED KUDA BANK APP TO WITHDRAW MY PAYONEER FUNDS INTO MY KUDA ACCOUNT AS KUDA BANK IS IN PARTNERSHIP WITH PAYONEER. The feature I enjoy is dey don't charge me card maintenance fee. They don't charge alert fee whatsover. There Debit Card is Free; and they will deliver it to you at your address. They are actually a microfinance bank with CBN approval. The best is I cash my payoneer funds from kuda directly into my kuda bank account from my monthly amazon store funds. Someone who is not in Nigeria can operate kuda bank acount when they verify their identity with Govt I.D card and BVN. You can send up to N1 million to other banks from your account. You can receive unlimited amount of money from any bank. You can make a single POS Transaction of N500,000 You can withdraw N 30,000 from any atm in Nigeria. You transfer 25 free transfer monthly to all banks at no cost (N10 inter bank charge) You can pay online with your Master card anywhere in the world. You can borrow money from them. You can save money and plan your budget too. Download kuda app now via google play store or ios and use my referal code when you register. � OH1LYEQ5 Download kuda bank - Free Mobile Banking for Nigerians android app now from Google Play � https://www.google.com/url?sa=t&source=web&rct=j&url=https://play.google.com/store/apps/details%3Fid%3Dcom.kudabank.app%26hl%3Den%26gl%3DUS%26referrer%3Dutm_source%253Dgoogle%2526utm_medium%253Dorganic%2526utm_term%253Dkuda%2Bbank%2Bapp%26pcampaignid%3DAPPU_1_PcerX72pJfSo8gLDi4dw&ved=2ahUKEwj9u6-HrvrsAhV0lFwKHcPFAQ4Q5IQBMAB6BAgCEAQ&usg=AOvVaw188ZJExSOYX3WXKYJwsPtb 1 Like |
| Re: Kuda Raises $10 Million in Seed Funding by Naijboy: 12:31pm On Nov 11, 2020 |
Tomorrow Buhari will call them lazy youths. |
| Re: Kuda Raises $10 Million in Seed Funding by HallaDaTruth: 1:39pm On Nov 11, 2020 |
AgbariOjukwu1:If you know how much those 2by2 shop owners are generating, you go piss your pants. Also one has freedom to do what he wants with his money while owners of fintecs need to consult their partners before making any decision. Also fintec can take over anytime. In 2018 i had a chance to start a tech company but i was given a condition to give a huge part of my company percentage to the would be investors. I had to turn down the offer. Igbos have the world's largest apprenticeship system. What that means is that we don't need tech companies or foreign partnerships to generate all the capitals we need to start any business. If you don't own your business 100% then you are not truly free. That's one of the reasons igbos stand out from you guys. Can the owner of paystack still lay claim to the company today?. You guys try to mock us on nairaland but in real life we just laugh at the ignorance of your people. So continue to massage your ego. It doesn't affect us at all. 1 Like |
| Re: Kuda Raises $10 Million in Seed Funding by afroxyz: 3:31pm On Nov 11, 2020 |
AgbariOjukwu1:Mumu. If there is no money in the real economy, how woukd fitechs operate and grow? 1 Like |
| Re: Kuda Raises $10 Million in Seed Funding by springtech(m): 3:49pm On Nov 11, 2020 |
Philipponzaghi:It's not about knowing fintech, it's about proving it. No one doubts or argues with results. The likes of Kuda, paystack and the rest of them attracting foreign direct investments or seed funds have simply been able to proof their worth in the fintech space. Interswitch is said to be worth $1Billion as at today. So that's the amount any investor would pay to buy her over. You can attest to the fact that this company has proved her mettle and has shown her strength over the years. Trust me, there are lots of other fintech products that will still attract such large investments, but are currently "showing working". All the best bro. 2 Likes |
| Re: Kuda Raises $10 Million in Seed Funding by NASTYNASOSO: 4:56pm On Nov 11, 2020 |
Lordswazz:HMMMMMMMMM DONT KILL YOURS3LF. THE BUAS AND DANGOTES STARTED STARTED EARLIER AGE WISE THAN THIS GUYS. WHAT DO YOU HAVE TO SHOWCASE ? ABI NA TO CARRY OTHER PEOPLE MATTER FOR HEAD. BUA AND DANGOTE HAD PRIVATE JETS BEFORE THEY HIT AGE 30 |
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