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Kuda Bank Lost ₦6 Billion In 2021 - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessKuda Bank Lost ₦6 Billion In 2021 (41256 Views)

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Kuda Bank Lost ₦6 Billion In 2021 by nlfpmod(mod): 2:05pm On Sep 16, 2022
By the end of the 2021 financial year, Kuda Bank recorded a loss of ₦6,092,554,866 ($14,214,681), a 602% rise from the ₦868,062,000 ($2,025,295) loss it made in 2020, according to financial report seen by TechCabal.
https://twitter.com/TechCabal/status/1570738156315774983?t=6N5V8WFxOWQ_wugTxf0bSA&s=08

Re: Kuda Bank Lost ₦6 Billion In 2021 by Neimar: 2:08pm On Sep 16, 2022
Time to recover it grin
Re: Kuda Bank Lost ₦6 Billion In 2021 by DrRasheed:
There's no fcknn way Fintech will flourish under multiple taxation policies of this administration. Kuda Bank has really tried but woefully failed.



Modified:
You see how useless we chose to be in this country? The above comment has nothing to do with double taxation, but see how rush to like it.
This is just how Peter Obi is uselessly explaining his economic policies using Buka arithmetics.
Re: Kuda Bank Lost ₦6 Billion In 2021 by davidupdate89: 2:08pm On Sep 16, 2022
sad
Re: Kuda Bank Lost ₦6 Billion In 2021 by Promxy94(m): 2:08pm On Sep 16, 2022
Hmmmm
Re: Kuda Bank Lost ₦6 Billion In 2021 by LgeLeeGeneral: 2:08pm On Sep 16, 2022
Ok
Re: Kuda Bank Lost ₦6 Billion In 2021 by underated(m): 2:08pm On Sep 16, 2022
Iku de
Re: Kuda Bank Lost ₦6 Billion In 2021 by Benjaniblinks(m): 2:08pm On Sep 16, 2022
Let me go and withdraw my remaining money there angry
Re: Kuda Bank Lost ₦6 Billion In 2021 by Nozino: 2:08pm On Sep 16, 2022
How dem take lose the money? That aside, I intentionally forget 2k for my kuda account in case of raining days. I nr wan hear story oo
Re: Kuda Bank Lost ₦6 Billion In 2021 by Generalkaycee(m): 2:08pm On Sep 16, 2022
Kuda Lule

Re: Kuda Bank Lost ₦6 Billion In 2021 by Sonnick(m): 2:08pm On Sep 16, 2022
Because of why?
Re: Kuda Bank Lost ₦6 Billion In 2021 by youngscholar(m): 2:08pm On Sep 16, 2022
What!


By the way, you can build a business website or a landing page or an online shop without no programming language and it's FREE.

Build via my signature
Re: Kuda Bank Lost ₦6 Billion In 2021 by Houseofglam7(f): 2:08pm On Sep 16, 2022
undecided
Re: Kuda Bank Lost ₦6 Billion In 2021 by lexisop: 2:08pm On Sep 16, 2022
Chaiiiiiiiii why are they loosing money naaah
Re: Kuda Bank Lost ₦6 Billion In 2021 by Chris2863(m): 2:08pm On Sep 16, 2022
Wahala
Re: Kuda Bank Lost ₦6 Billion In 2021 by DropsMic(m): 2:08pm On Sep 16, 2022
That bitcoin ban really affected them
Re: Kuda Bank Lost ₦6 Billion In 2021 by yungchop: 2:08pm On Sep 16, 2022
Make anything sha no do my 800 naira wey remain inside the account angry
Re: Kuda Bank Lost ₦6 Billion In 2021 by sojisenai(m): 2:08pm On Sep 16, 2022
WoW... shocked

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Re: Kuda Bank Lost ₦6 Billion In 2021 by N2B2: 2:08pm On Sep 16, 2022
Terrible news for them. Watch investors pull out with top speed.
Re: Kuda Bank Lost ₦6 Billion In 2021 by Collysmith: 2:09pm On Sep 16, 2022
Why?
Re: Kuda Bank Lost ₦6 Billion In 2021 by Yoshy: 2:09pm On Sep 16, 2022
Unrealistic business plan?
Re: Kuda Bank Lost ₦6 Billion In 2021 by MrJames007: 2:09pm On Sep 16, 2022
No wonder no more draft. grin

Na to withdraw every kobo I get there before stories begin.
Re: Kuda Bank Lost ₦6 Billion In 2021 by Falseprofet2:
Bad loans

Nigerians don't like to pay loans even friend-to-friend loans much less a bank
Re: Kuda Bank Lost ₦6 Billion In 2021 by Electorate: 2:09pm On Sep 16, 2022

Re: Kuda Bank Lost ₦6 Billion In 2021 by Webhorizon: 2:09pm On Sep 16, 2022
lipsrsealed
Re: Kuda Bank Lost ₦6 Billion In 2021 by NotKnown: 2:09pm On Sep 16, 2022
If your money de there think twice o
Re: Kuda Bank Lost ₦6 Billion In 2021 by Elidrisy20: 2:09pm On Sep 16, 2022
N6b na play?
Re: Kuda Bank Lost ₦6 Billion In 2021 by RealLordZeus(m):
The idea of free banking in Nigeria is already equivalent to Loss..

Most ppl I know using them are doing so because of the free transfers and once they exceed that limit, they stop till the following month.. its that awoof mentality in us.

But a quick soln for them, start granting personal and soft loans to users thus making use of their deposit
Development of online and offline POS systems for merchant will also help
Re: Kuda Bank Lost ₦6 Billion In 2021 by holuwajobar(m): 2:09pm On Sep 16, 2022
Overdraft people no pay back grin
Re: Kuda Bank Lost ₦6 Billion In 2021 by paradiseVirgin: 2:09pm On Sep 16, 2022
After all, it is Bank of the free grin
Re: Kuda Bank Lost ₦6 Billion In 2021 by Realmi: 2:09pm On Sep 16, 2022
Wat bank is this one again
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