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Africa-focused challenger bank Kuda passes 1 Million Android downloads
Kuda Technologies, the digital-led challenger bank for Africa, recently revealed that its Android app has been downloaded over 1 million times.
The London-headquartered startup, which launched in Nigeria in 2019 and operates under a microfinance banking licence from the Central Bank of Nigeria, has witnessed significant growth since the beginning of the COVID-19 pandemic having firmly positioned itself as a safe alternative to brick-and-mortar banks at a time when social distancing rules have made visiting banking halls a challenging experience.
Not only is Kuda’s strong digital offering appealing to Nigerian millennials, many of whom are inseparable from their connected smartphones, the bank’s proposition of zero fees on cards, account maintenance and transfers has helped it make headway in a highly competitive finance market dominated by traditional incumbents.
Kuda is set on reaching all Africans on the planet, the core target of its mission to make banking services affordable, accessible and rewarding.
“Our growth in Nigeria is remarkable no doubt but more importantly, it is an indication of what we can achieve in other markets across the world,” says Kuda’s Head of Growth, Bradley Want.
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