CrypticTechZone

      Kuda Technologies , a prominent fintech company operating in Nigeria and the United Kingdom, has raised close to $100 million in funding over the past five years. This achievement was announced by CEO Babs Ogundeyi during a panel session at the GITEX Africa conference in Morocco. The GITEX Africa 2024 technology fair, held from May 29 to 31 in Marrakech, gathered over 1,500 exhibitors from 130 countries, including nearly 700 startups. During the event, Ogundeyi discussed Kuda’s growth and the difficulties African fintech startups face in attracting foreign investment. “We launched in Nigeria in August 2019 and have raised close to $100 million within that period,” Ogundeyi stated during the panel session titled “Beyond the Starting Lane: Navigating Advanced Funding.” The session also included insights from Sacha Michaud, co-founder of Glovo in Spain; Yassine Oussaifi, partner at Africinvest Tunisia; and Katlego Maphai, CEO of Yoco South Africa. ...