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Kuda Technologies, a digital-led bank, recently revealed that its Nigeria subsidiary – Kuda Microfinance Bank – has acquired over one million customers.
To mark the milestone, Kuda CEO Babs Ogundeyi and CTO Musty Mustapha presented the bank’s one millionth customer, Mr. Abiola Jewoola, a gift of N1 million at its Lagos office.
According to a statement, the London-headquartered startup, which launched in Nigeria in 2019, and operates under a microfinance banking licence from the Central Bank of Nigeria, has witnessed significant growth since the beginning of the COVID-19 pandemic having firmly positioned itself as a safe alternative to brick-and-mortar banks at a time when the significant risk of infection has made visiting banking halls a challenging experience.