Neobank Kuda Triples Revenue as Customer Adoption Soars
- Kuda's revenue surged by 190% in 2022, reaching $22 million.
- The number of Kuda's customers doubled from 2.4 million to 4.9 million in the past year.
- Kuda has expanded its operations to new markets, including the U.K., Canada, Ghana, Tanzania, and Uganda.
Kuda's impressive revenue growth and expansion into new markets demonstrate its potential for success in the digital banking industry. However, the mounting losses and financial challenges should be carefully addressed to ensure long-term sustainability.
