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 (with deposits insured by the in Nigeria).