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Kuda, one of the leading digital banks in Africa, has surpassed the six-million customer milestone, solidifying its position as a trailblazer in driving financial inclusion across the continent.
Founded in 2019, Kuda has rapidly evolved into one of the most prominent fintech startups in Africa, offering innovative financial solutions and reshaping the way individuals access and manage their money.
As the fintech sector continues to gain momentum across Africa, the company has been at the forefront of revolutionizing traditional banking services and making them accessible to the unbanked and underbanked populations.
Through its mobile app, the digital bank addresses the challenges of physical branches, reaching remote areas where banking services were once scarce.
By providing access to essential banking services, Kuda empowers individuals to save, invest, and engage in economic activities that were previously challenging due to the lack of access to traditional financial services.
As Kuda continues to flourish, its sights are set on broader horizons. The company plans to expand its presence into more African countries, cementing its position as a pan-African financial institution.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Africa’s Business Heroes (ABH), the flagship philanthropic enterprise spearheaded by Alibaba Philanthropy and rooted in the Jack Ma Foundation, has unveiled the 20 entrepreneurs selected to advance to the semi-finals of its prestigious 2025 competition.
Koolboks, a cleantech venture operating in Nigeria and France, has secured $ 11 million in Series A financing to expand its cooling-as-a-service model across Africa and establish its inaugural assembly facility in Nigeria.
Intella, the Egyptian-founded leader in dialectal Arabic speech AI, has raised US$12.5 million in a significantly oversubscribed Series A funding round.