CEO & Co-Founder, Kuda Bank
Search every verified Babs Ogundeyi interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Babs Ogundeyi, founder and group CEO of Kuda, has described the digital-only bank as a full-service financial institution focused on Africa, offering services such as P2P transfers, debit cards, and fractional shares. He has stated that the company's mission is to make financial services more accessible, affordable, and rewarding for Africans, and that Kuda has grown to over seven million customers, with 90% based in Nigeria. Ogundeyi has said that the company is shifting its focus from aggressive growth to operational stability and sustainability, including a greater emphasis on credit products for salary earners and expanding business banking offerings. Ogundeyi has commented on the broader tech ecosystem, predicting that 2024 would see fewer tech companies, ideally due to mergers and acquisitions rather than shutdowns)Skip. He has noted a shift in operator mindset toward profitability and sustainability, and has said that AI will be used for concrete use cases such as customer service to improve unit economics. Ogundeyi has also remarked that Nigeria's regulator has become more open to crypto, which he said would allow for greater innovation. He has stated that he does not focus on unicorn valuations, but rather on building a sustainable business that serves customers effectively.
“Kuda is a full-service digital-only bank, Africa-focused, providing banking services to Africans in Africa and beyond — we offer P2P transfers, debit cards, fractional shares; basically everything people expect from neobanks but tailored to an African audience.”
“Banking and financial services in general felt like a preserve of a niche, privileged audience — meanwhile the majority of potential customers don't have the same affluence but collectively they could make for a very lucrative financial institution.”
“We tested demand with a faceless website offering loans and within three months 60,000 unique people tried to take a loan — proving demand even though we had no money to lend or a license; we then flipped to a savings product and partnered with a bank.”
“I sold a piece of land to buy a microfinance bank and used its license — changing the name to Kuda — because acquiring a bank was the fastest way to be regulated and start trading.”
Babs Ogundeyi (https://www.linkedin.com/in/babsogundeyi/) is the Founder and CEO of Kuda (https://www.kuda.com/) , a fintech ...
Enjoy this exclusive conversation with Babs Ogundeyi, CEO of Kuda, Nigeria's leading digital bank. In this insightful discussion, ...
A lack of access to financial services can be a major hurdle to reducing poverty and increasing development worldwide. Online ...
There is no universal playbook for African markets. Kuda is one of Nigeria's largest digital banks. Why did its founder, Babs ...
In this insightful interview from Africa Tech Festival 2023, join Babs Ogundeyi, the founder and group CEO of Kuda, the money ...
Hopefully having fewer tech companies will be due to mergers and acquisitions and not shutdowns. Babs Ogundeyi, CEO and ...
There are few companies that have gotten to a significant level of revenue generation to carry out acquisitions. Babs Ogundeyi ...
In this episode of the experience pod, Kenneth Erikume and Babs Ogundeyi discuss how Kuda is Disrupting Banking in Africa.
Stephen Mooney, Dealmaker with the UK Government Global Entrepreneur Programme (GEP) hosts a fireside chat with Kuda ...
Sign in to search the full transcript archive, filter by topic, and access every quote from Babs Ogundeyi.