Kuda Bank

Benjamindada.com

1w ago

The CBN announced a fintech licence shake-up in 2026, the process began a year earlier

The CBN's 2026 announcement about reclassifying fintech licences was actually the public confirmation of a process that had quietly been underway for a year. A central bank official revealed in January 2026 that major players such as Moniepoint, OPay, and Kuda had already moved up to new regulatory tiers before the formal announcement was made. This suggests the licence changes were part of an ongoing review rather than a sudden regulatory shift.

For consumers: if you use apps like Moniepoint, OPay, or Kuda, this upgrade signals these platforms meet stricter regulatory standards, which can mean greater oversight and potentially more protection for your money.

Kuda BankMoniepointOPay

TechCabal

18 Aug

Kuda was the ‘bank of the free.’ Now it wants to be more.

Kuda, the Nigerian digital bank known for offering free transactions, is repositioning itself with a new brand identity that goes beyond simple fee-free banking. The shift suggests the company wants to be seen as a broader financial lifestyle partner rather than just a low-cost transaction tool. This rebranding reflects competitive pressure in Africa's crowded fintech space, where differentiation beyond pricing is becoming necessary for growth.

For consumers: Kuda users should watch for changes in app features, messaging, or services as the bank shifts its focus from being purely about free banking to building a more expansive brand relationship with customers.

Kuda Bank

TechCabal

30 Mar

👨🏿‍🚀TechCabal Daily – Job cuts at Kuda

Kuda has announced job cuts as part of its restructuring efforts. This move reflects the challenges faced by fintech companies in the current economic climate, highlighting the need for operational efficiency.

For consumers: This may impact the level of service and support available on the Kuda app as the company adjusts to its new operational structure.

Kuda Bank