Name: Babs Ogundeyi and Musty Mustapha
About Babs Ogundeyi and Musty Mustapha and Kuda
Kuda is a fintech company on a mission to make financial services more accessible, affordable and rewarding for every African on the planet. It was co-founded by CEO Babs Ogundeyi and CTO Musty Mustapha in 2019.
The digital finance app has over 6.6 million customers and has ambitions beyond Nigeria, having styled itself as the money app for Africans all over the world. Through its growth and expansion plans, Kuda will be able to operate across borders, which in turn helps the fintech company connect customers across the globe. In 2022, Kuda launched in the UK as part of a major global expansion drive. This move has enabled diasporic Africans in the UK to benefit from UK-to-Nigeria remittance – at a lower cost than the market standard.
It is tackling the issue of the unbanked and underbanked, by providing these people with a platform to take charge of their financial decisions. As such, financial inclusion is the foundation of Kuda, which prioritises financial stability and control. This is possible by Kuda building digital infrastructure for less wealthy populations, who can use the app for all of their banking needs; the integrated system provides an all-in-one API.