Nigerian digital bank Kuda has secured $55 million in Series B funding, spearheaded by Valar Ventures and Target Global. The significant investment aims to bolster expansion efforts beyond Nigeria while maintaining a strong foothold in the competitive local market. The CEO emphasizes the importance of strategic growth, intending to fortify the team for expansion initiatives while reinforcing operational excellence in Nigeria, the company's headquarters country.
The funding signals a commitment to enhancing Kuda's presence in both local and international markets, aligning with its vision to revolutionize banking services across Africa.