Digital bank Kuda secures US$10M in seed fund to expand its services

NIGERIA – Kuda Bank, Nigeria’s first fully digital bank, has announced that it has raised US$10 million in seed funding representing the largest seed fund to be raised by a tech company in Africa. The funding round was led by Target Global,  the giant VC out of Europe, with Entrée Capital and SBI Investment (once part of SoftBank, now no longer) also participating, along with a number of other notable individual fintech founders and angels. The individuals include Raffael Johnen (founder of Auxmoney), Johan Lorenzen (founder of Holvi), Brandon Krieg/Ed…

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