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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.

The African Development Bank (AfDB) has approved a $15 million equity injection into Adenia Entrepreneurial Fund 1 (“AEF 1”), a private-equity vehicle managed by Adenia Partners.

Kenya-based SME lender Jackfruit Network secured a US$5 million financing facility backed by TLG Capital and the IDP Foundation.

Chui Ventures, the pan-African early-stage venture capital firm with a gender-inclusive investment philosophy, has closed its maiden Fund I at US$17.3 million, comfortably surpassing its initial target of US$10 million.