Nigeria’s tech startup, Kuda, raises $25mn in Series A funding round for growth & expansion


Tech startup, Kuda, has just raised $25-million in a Series A funding round led by Valar Ventures, a New York-based venture capital firm.

This Series A round of funding included participation from existing investor Target Global and an undisclosed international venture capital firm located in Berlin alongside several other existing investors.

The secured funding will be used to expand the fintech’s presence and services across Africa. In addition, it will be used to speed up customer acquisition, expand leadership roles, and build out new features including a new easy-to-use lending option that the company is currently trialing with select customers.

Read more... https://media.getfundedafrica.com/2021/03/19/nigerias-tech-startup-kuda-raises-25mn-in-series-a-funding-round-for-growth-expansion/