Kuda
Liners checked this listing or its product relationship to a reasonable extent. Verification is not an endorsement or product test. How verification worksA CBN-licensed money app for Africans that offers zero maintenance fees, 25 free monthly transfers to Nigerian banks, savings, bills, cards, and loans.
Kuda Product Overview
Is Kuda Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Nigeria mobile banking
- Fee-free account seekers
What It Does Well
- 25 free transfers monthly
- Bills and airtime payments
Things to Check
- Sign-up requirements
- Network reliability
About Kuda
Kuda is a CBN-licensed digital banking app for Africans that helps individuals and small businesses open an account in minutes and manage everyday money from a phone.
Key capabilities include:
- Account and transfers: Open an account quickly, get 25 free transfers to Nigerian banks every month, and send unlimited free transfers to other users via a Kuda Username.
- Cards and payments: Order a physical Visa debit card with pickup or delivery options, use a virtual card for online payments, pay bills, and buy airtime.
- Saving and money management: Set up automatic savings (including saving as you spend), earn annual interest on savings (rates vary by market), and use budgeting and spending analysis tools.
- Credit and extras (market-dependent): Access instant loans up to ₦150,000 in Nigeria, plus features such as US stock investing, international transfers (UK and Canada to Nigeria), and eSIM purchases in supported countries.
Available on Android, iOS, and Web.
Built for Nigerian consumers and entrepreneurs or small business owners, including those who need business tools like POS, bulk transfers, and payroll management.
Notable in the African fintech market for its no maintenance fees approach, clear pricing for extra transfers, and regulatory footing through Kuda Microfinance Bank, which is licensed by the Central Bank of Nigeria (with deposits insured by the NDIC in Nigeria).
Kuda Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataAs of Oct 5, 2026, Kuda is rated 4.7 on the App Store from 130.8K reviews and 4.5 on Google Play from 405.7K reviews with 10M+ installs.
Recent Reviews for Kuda
Reviews reflect each reviewer's opinion. Companies cannot pay to alter or remove reviews. A verified review includes proof that Liners checked to an extent. Learn how reviews workHow is the score calculated?
Every product starts at a 3.5-star baseline worth 7 reviews. Each approved review pulls the score toward the real average, so a product with one 5-star review shows about 3.7.
Learn how reviews workNG · 1 review
Aug 21, 2026
I would like a feature on the application for me to change my profile picture.
NG · 2 reviews
Jun 29, 2026
They can do better with their network but nevertheless I love it
Kuda Funding History
Liners compiles funding history from company announcements, investor records, and trusted reporting. We refresh it as new rounds are confirmed. How we source dataKuda has raised $126.6M across 9 recorded funding events. The latest was Series B in Sep 2025.
- Total Raised:
- $126.6M
- Latest Round:
- Series B
Kuda Investors & Funding Rounds
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Kuda Founders & Leadership Team
Liners compiles leadership profiles from official company pages, professional profiles, and trusted public sources. We refresh them as teams change. How we source data
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Latest Kuda News & Updates
Liners collects product news from official company updates and trusted publications. We refresh coverage as new articles are published. How we source dataSign in to see all 25 articles
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Jobs at Kuda
| Title | Posted |
|---|---|
| Head of Product - Platforms | Sep 14, 2026 |
| Data Science Manager | Sep 14, 2026 |
Sign in to see all 18 open positions
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Research Mentioning Kuda
Browse all research
BankingWe Opened a Naira Account at Every Bank in Nigeria, Here's What We Found
A Liners field study across traditional banks and digital banks in Nigeria, with real BVNs and NINs.
Frequently Asked Questions About Kuda
To open a Kuda account, you need an email address or phone number to get started, your NIN, your BVN, and a live selfie for the facial and liveness check.
This lines up with the wider Nigerian market. In Liners' 2026 Naira account opening study, NIN was requested in 96 of 100 walk-in bank visits, and BVN blocked the process from starting entirely at 42 of them. Having both ready before you start speeds up account opening at any bank, not just Kuda.
- Download the Kuda app from the Google Play Store or Apple App Store.
- Sign up with your email or phone number and verify it with the OTP sent.
- Enter your NIN and BVN when prompted.
- Complete the facial recognition and liveness check. Liners' research found Kuda had the most retakes of the five apps tested, so it may take more than one try.
- Set up your transaction PIN.
- Your account number appears on screen instantly.
NIN verification can take longer to clear in the background even after signup finishes, which can hold your account at a lower KYC tier for a while. If the live check doesn't complete on Kuda's website, switch to the app instead, our researchers found the app more reliable for this step.
Kuda is a digital banking app for Africans that offers zero maintenance fees, free transfers up to 25 times monthly to Nigerian banks, automatic savings with up to 8-12% annual interest, budgeting tools, bill payments, investments in US stocks, and virtual/physical Visa cards. You download the app, open a free account in minutes using your phone, add money from another bank, and manage banking, payments, savings, and investments all in one place.
Kuda offers zero maintenance fees and 25 free transfers to Nigerian banks every month. Additional transfers may incur fees up to ₦50 plus VAT, but core account usage remains free.
Kuda primarily operates in Nigeria, with services like UK-to-Nigeria transfers available for UK users.
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