# Kuda Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kuda-technologies

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.kudabank.com/
- Total disclosed funding: $92M
- Latest round: Series B (Sep 14, 2025)
- Investors on record: 4

## About

Founded in 2017, Based in London, UK, Kuda Microfinance Bank Limited, trading under the name Kudabank operates as a developer of digital banking solutions designed for savings, payments, and savings applications. and it is a banking app that enables users to save, spend, and save money through the platform. Kudabank also provides a debit card for its registered users upon ordering for free and enables users to deactivate the card through the mobile application once the card is lost. Kuda Microfinance Bank generates revenue by money by using the collective deposits of consumers to make investments and issue credit and from service fees given by sellers when consumers shop using the Kuda card. 

In September 2025, Kuda Microfinance Bank Limited raised undisclosed amount of series B funding co-led by returning investors Target Global and Valar Ventures. The round was part of larger undisclosed amount of series B

The company will use the funding to strengthen its balance sheet and expand affordable financial services across Africa.

## Funding rounds

- Series B, Sep 14, 2025 — Valar, Target Global
- Series B, Jul 21, 2021, $58M — Valar, SBI Investment, Target Global
- Series A, Feb 24, 2021, $27M — Valar, Target Global
- Seed, Sep 14, 2020, $7.9M — Entree Capital, SBI Investment, Target Global

## Investors

- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Seed
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Seed, Series B
- Target Global (https://capitalatlas.ai/funds/target-global) — Seed, Series A, Series B
- Valar (https://capitalatlas.ai/funds/valar) — Series A, Series B