GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

KMB: Kuda Set To Launch New Offices In UK

Kuda’s UK entity would also offer a mobile wallet, virtual and physical cards, local UK transfers and direct debits, the statement said.

Rojon by Rojon
January 11, 2024
in business, General Information, News
Reading Time: 2 mins read
KMB: Kuda Set To Launch New Offices In UK
24
SHARES
Advertisements

Kuda, the money app for Africans after a total investment of over $90 million, is launching new offices in the United Kingdom (UK) as part of a major global expansion drive.

 

GoldenNewsNg reports that A statement by the media consultant to the company, said that the launch would among other things, enable hundreds of thousands of UK-based Nigerians to combat high remittance costs on large transfers, which currently average out at eight per cent – significantly short of the United Nations (UN) Sustainable Development Goal target of 3 per cent.

READ ALSO

SUG Leaders tasked to join fight against Sexual, Gender Based Violence in Higher Institutions across Niger state

Nigerian Banks Resume International Transactions on Naira Debit Cards

 

The businesses’ vision, the statement hinted is to give all Africans globally access to friction-free and affordable financial services, connecting the diaspora with Africa and increasing financial inclusion.

 

Kuda is entering the UK market (through its UK-based subsidiary – Kuda EMI Limited) charging a flat fee of only £3 with a transfer limit of £10,000.

 

With over £3 billion sent from the UK to Nigeria annually, Kuda is set to save UK Nigerians millions of pounds.

 

Parent company Kuda Technologies Limited was founded in 2019 by two Nigerians, Babs Ogundeyi and Musty Mustapha.

 

Its Nigerian business rapidly expanded to become the country’s number one money app, with nearly five million customers.

 

Remittance accounts for nearly 1 per cent of Nigeria’s total Gross DomestIC Product (GDP), but the UK to Nigeria payment rail has been notoriously unreliable, with high fees.

 

Kuda’s digital-only approach and unique local market knowledge has allowed it to launch a service that drives prosperity for both senders and recipients.

 

Kuda’s UK entity would also offer a mobile wallet, virtual and physical cards, local UK transfers and direct debits, the statement said.

 

Babs Ogundeyi, the Co-founder, Kuda, while commenting on the launch of the UK app, said Africans in the UK are faced with myriad of challenges when it comes to financial services.

 

Ogundeyi lamented that Africans in the diaspora are compelled to limit each transfer to a few hundred pounds to avoid losing money or face escalating exchange rates with bigger transfers.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

INEC Debunks Issuing Statement On Tinubu’s Drug Trafficking Allegations

Next Post

Asa Praises Wizkid Over ‘More Love Less Ego’ Album

Related Posts

SUG Leaders tasked to join fight against Sexual, Gender Based Violence in Higher Institutions across Niger state

  ... Want bill on sexual harassment passed into law Group photograph As part of efforts to end Sexual and...

Read moreDetails

Nigerian Banks Resume International Transactions on Naira Debit Cards

Nigerian Banks Resume International Transactions on Naira Debit Cards

Nigerian Banks Resume International Transactions on Naira Debit Cards as FX Liquidity Improves GoldenNewsNg reports that after nearly three years...

Read moreDetails

Apply Now: Lagos State TESCOM Teachers Recruitment 2025 | Application Portal, Requirements, and Deadline

Lagos State TESCOM Teachers Recruitment 2025

Lagos State Teachers Recruitment 2025 - The Lagos State Government is planning to restore the discipline, structure, ethics, and investments...

Read moreDetails

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today, 5th July 2025, can be accessed below.   GoldenNewsNg has obtained the...

Read moreDetails

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

Abuja, FCT – The Federal High Court in Abuja has ordered the Senate to immediately recall Senator Natasha Akpoti-Uduaghan, representing...

Read moreDetails

FG to Enforce Vehicle Recycling Policy by October 2025, Targets 40,000 Jobs

Vehicle Recycling Policy

FG set to Enforce Vehicle Recycling Policy by October 2025, Targets 40,000 Jobs   GoldenNewsNg reports that the Federal Government...

Read moreDetails

Tensions Rise as Court Finds Senator Natasha Guilty of Contempt in Civil Case Against Akpabio

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

The Federal High Court in Abuja has found suspended Senator Natasha Akpoti-Uduaghan, who represents Kogi Central, guilty of contempt of...

Read moreDetails

ADC Youths Rejects Atiku, Amaechi, El-Rufai

ADC Youths Rejects Atiku, Amaechi, El-Rufai

ADC Youth Wing Rejects Atiku, El-Rufai, Peter Obi Coalition Takeover Plan GoldenNewsNg reports that the Youth Wing of the African...

Read moreDetails

FG Sets Petrol Pricing Forum as Marketers Demand Transparency

Petrol Pricing Forum

FG Sets Petrol Pricing Forum for July 23–24 as Marketers Demand Transparency GoldenNewsNg reports that the Federal Government has scheduled...

Read moreDetails

Dollar to Naira Black Market Exchange Rate today 4th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today, 4th July 2025, can be accessed below.   GoldenNewsNg has obtained the...

Read moreDetails
Load More
Next Post
Asa Praises Wizkid Over ‘More Love Less Ego’ Album

Asa Praises Wizkid Over ‘More Love Less Ego’ Album

SEARCH ADS

Latest Posts

Education

SUG Leaders tasked to join fight against Sexual, Gender Based Violence in Higher Institutions across Niger state

DESOPADEC Begins N50,000 Bursary Payouts in August
Education

DESOPADEC set to Commence N50,000 Bursary Payment

Hard Skills Mentorship Programme Empowers Young Nigerian Women
Headline

Apply Now: Soft Girl, Hard Skills Mentorship Programme Empowers Young Nigerian Women

Nigerian Banks Resume International Transactions on Naira Debit Cards
business

Nigerian Banks Resume International Transactions on Naira Debit Cards

Headline

Over 51,000 Adamawa Residents Receive ₦75,000 Each Through FG Conditional Cash Transfer Programme

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians
Headline

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians

Lagos State TESCOM Teachers Recruitment 2025
Headline

Apply Now: Lagos State TESCOM Teachers Recruitment 2025 | Application Portal, Requirements, and Deadline

FG Partners DBN To Provide Grants To 3MTT Nigeria Fellows
Headline

FG Partners DBN to Provide ₦100 Million Grant to 3MTT Nigeria Fellows

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX
business

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension
Headline

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News