Trending
- Ruto strikes big in US as Kenya’s FDI landscape looks promising
- Tanzania’s revenue collection on the upward path — Word Bank
- Global oil and gas giants flock to Tanzania Energy Congress
- South Africa-led unit asks US to renew AIDS relief plan PEPFAR
- Sendwave Pay to offer Kenya’s diaspora improved forex rates, lower costs
- Nigeria bets big on Cuba agri-pact to tackle food crisis
- A Safaricom-Apple partnership is on the horizon
- Africa’s energy quest: Challenges, opportunities, and partnerships
Browsing: Target Global
Nigerian fintech startup Kuda bank has announced its plan to expand into more African countries.
This comes after the fintech raised $55 million in Series B funding. According to the bank, it will also use the raised funds to launch new product offerings for its Nigerian market.
The funding was made at a $500 million evaluation.
Investors
The round was co-led by previous investors, Valar Ventures and Target Global with other investors including Japan-based Strategic Business Investor (SBI) Investment and past angel investors also participating.
In March this year, Kuda which aims at providing a modern banking service for Africans and the African diaspora picked up $25 million in a Series A led by Valar Ventures, the firm co-founded and backed by Peter Thiel, with Target Global and other unnamed investors participating.
First backing
The March funding marked the first time that Valar, which has invested in a number of …