Kuda, the Target Global-backed challenger bank, tripled revenue to $22 million in 2022
Kuda's revenue grew by 190% in 2022, reaching $22 million. The neobank doubled its user base from 2.4 million to 4.9 million.
Fintech: The digital key to spotting new markets
M-Pesa's transactions accounted for 87% of Kenya's GDP, lifting 2% of households above the poverty line. Fintech platforms like M-Pesa enable people to pay bills, transfer money, and purchase goods using their mobile phones, driving financial inclusion and economic growth.
CNBC Recognizes Flutterwave, Kuda, and Piggyvest Among Top 250 Fintech Innovators
Seven African fintech companies, including Flutterwave, Piggyvest, Kuda, MTN, Bank Zero, Palmpay, and Yoco, were included in the 2024 list of the top 250 fintech companies. The selection process considered metrics such as revenues, sales growth rate, and total headcount.
Flutterwave, Kuda, Piggyvest named CNBC’s Top 250 Fintech Companies
Statista and CNBC released their 2024 list of the top 250 fintech companies, including seven African companies. Kuda and Bank Zero were categorized as the best neobanks.
