We recently spoke with Nosa, the Head of Products & Partnerships at Kuda, an innovative digital-only bank in Nigeria, about the state of digital banking in the country and their recent partnership with Binance.
Kuda recently raised $10 million to grow and expand its digital banking services across Africa and the diaspora.
Nosa has years of experience working in the traditional banking space and broke down to us everything there is to know about digital banking and how they operate.
Nosa is also the co-founder of Festival Coins, a Nigerian event technology company which provides event organisers with the tools to enable them to improve event efficiency, increase onsite revenue, create a greater return on investment for sponsors, and implement richer experiences for attendees. Its solutions include online ticketing, advanced access control and cashless payments.
In this podcast, we discuss:
- What is your mission at Kuda?
- What does it take to start a fully digital bank in Africa?
- What distinguishes Kuda from the traditional banks?
- What is the state of digital banking in Nigeria?
- What is the uptake of digital banking services in Nigeria and Africa?
- How does the Kuda ATM card work?
- You offer all other bank services except for loans, why is that? – We have overdrafts now. We’re testing with a small group of customers.
- What challenges have you faced so far and how did you solve them?
- What feature would you say sets you apart from other digital financial services?
- What is your opinion on cryptocurrencies?
- Why did you partner with Binance and how did that partnership come about?
- What kind of partners do you work with?
- Any other future or upcoming partnerships?
- Where do you see cryptocurrencies in the next 3,5,10 years?
- What is your advice for digital banking uptake in Africa?
To learn more about Kuda, check out the resources below:
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