Fintech startup Kuda Bank raises US$55m in Series B funding in its expansion plan

NIGERIA – Nigerian fintech startup, Kuda Bank has raised US$55 million in Series B funding as it looks to expand into other African countries and launch new product offerings for its Nigerian market. The funding was made at a US$500 million evaluation and comes after raising a US$25 million Series A in March 2021 and a US$10 million seed round in November 2020. With a US$1.6 million pre-seed raise in September 2019 and a US$15,000 pre-seed in 2018, its total raise comes to US$91.6 million. The round was co-led by…

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