Kuda

Correct Nigerian digital bank to put on a comparison table. Confirm the current CBN class and whether USD cards are issuing before you recommend it for dollar spend.

Kuda is a Lagos-born digital bank. The consumer job is naira payments and a card, in a market where agency banking and super-apps (OPay) compete on the same screen. Licence class under CBN is the safety question; NDIC follows the bank, not the brand on the icon.

Kuda lists Digital / commercial bank licence under Central Bank of Nigeria in Nigeria. On safeguarding we currently write: NDIC on eligible deposits at the licensed bank. Holder / issuer line: Kuda Microfinance / Kuda Bank (confirm current CBN class). An AML programme is claimed. There is no IBAN-class local rail on the flags we store. We list 2 live markets on the product. As we score the sticker: monthly Free core account; FX USD card / FX desks are product- and availability-dependent; ATM Plan and network dependent. This desk would open it for: Nigerian residents who want a mobile bank with free transfers.

What it does well: CBN-licensed digital bank, not a grey wallet; Free transfers are the local job-to-be-done; Diaspora story via the UK. What to watch: USD card availability swings with FX policy; App Store ratings hide outage days; Support queues on locked accounts. Desk score 7.2 / 10 (safety 7.2, fees 8.6, features 7.4, app 7.8). Last verified 2026-08-01. Headquartered in Lagos, Nigeria; founded 2019. None of this is advice — it is a file so you can read the entity before the card colour.