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Kuda profile

Who owns Kuda?

traditional · Lagos, NG · Licensed bank · custody: Custodial

short answerKuda holds its own banking licence, so Kuda itself is the bank — customer deposits sit on its own regulated balance sheet rather than with a third-party sponsor. Kuda's most notable disclosed backers include Valar Ventures, Target Global and SBI Group.

Is Kuda a licensed bank?

Yes — it holds its own banking licence. Licence detail: Microfinance bank (NG).

Where is your money held?

Custody model: Custodial — on Kuda's own balance sheet as a licensed bank.

No sponsor bank or infrastructure provider is publicly documented for Kuda yet. Know one? Suggest it.

Who's behind Kuda?

Kuda was founded by Babs Ogundeyi, Musty Mustapha (2019), headquartered in Lagos, NG.

Early investors

Notable venture and strategic investors from Kuda's publicly disclosed funding rounds (~$90M raised).

Valar Ventures ↗ Target Global ↗ SBI Group ↗

Is my money safe with Kuda?

As a licensed bank, eligible deposits at Kuda are typically protected by the local deposit-guarantee scheme up to the statutory limit (for example FDIC in the US, FSCS in the UK, or the €100,000 EU scheme). Confirm the exact scheme and limit for your country.

go deeperSee the full Kuda profile with every verified field, or Kuda alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.