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In Nigeria things happen and happen fast! Africa’s largest population is filled with raw talent – a crop of people who can make things happen. People who can change their world. People who can rule their world.
It is no longer news that the COVID-19 Pandemic came with twin forces of disruption and acceleration. What is now news is that in Nigeria the financial technology space is now accelerated to global significance.
In this series, we spotlight the Fintech revolution in Africa’s largest economy, an area which has become too significant to ignore! We will deep dive into some specific players and unpack their rise to prominence as well as their mode of operations.
Kuda Bank – A revolutionary idea becoming reality!
This rising giant aptly calls itself the ‘bank of the free’ and rightly so too! Like the wind that blows where it wishes, Kuda bank has blown into the pockets of Nigerians with the single mission to offer free banking (Though there is no free lunch even in Freetown).
Knowing the hassles that Nigerians go through to open a conventional bank account, Kuda launched an online banking service by designing a banking app for your busy lifestyle, and they will give you a free debit card to go with it. According to them -that’s all you need to make the right moves with your money, no sweat.
Whether you want to save it, spend it, send it. It’s up to you. Whatever you choose to do with your money, Kuda Bank will make sure it’s done better and free of charge. (Make sure to due diligence this one). Kuda is here to help you get the best out of your money, no strings attached.
With Millions of investment Dollars pouring in, this financial technology phenomenon has become a force to reckon with in Nigeria and hopes to replicate its lightening success across Africa.
You can open an account by downloading the app and filling in some key information, it all takes less than ten minutes which I confirmed myself by opening my KUDA Account!
To be continued...
By Daniel R.
Buzwallet Contributor
