Kuda, the Nigerian, London-based neobank, has expanded into the UK to provide its digital banking services, including direct debits and local transfers, to diasporan Nigerians.
The neobank says it has acquired over five million users in its three years of existence.
Kuda’s direct debits and transfers will be powered by a UK third-party company, Modulr, a popular embedded payments platform for digital businesses, to offer a mobile wallet, virtual and physical cards, local UK transfers, and direct debits.
Modulr powers other fintech companies like Revolut, Wagestream, Sage, and BrightPay.