kuda microfinance bank review 2021. Is Kuda microfinance bank a good Nigerian bank?.

Honestly,  Kuda bank is a very good bank in Nigeria.

 Personally, I’m making use of Kuda for my banking transactions. So,  this review is based on my personal experience.

What Exactly is Kuda Microfinance Bank

Kuda bank is not your usual banking system.
It’s the first mobile banking app /system in Nigeria, licensed by the Central Bank of Nigeria.

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They doesn’t charge for card maintenane, also, they offer free transfers to all banks.
Kuda microfinance bank review

Their Cac registration number is RC 796975 and the CEO of Kuda microfinance bank is named, Babs Ogundeyi

Brief History Of Kuda Bank – kuda microfinance bank revie

Kuda microfinance bank was formally called, Kudimoney.

Their mission is to give people peace of mind while performing their banking baking services.

Because of the frustration people always face with their banks, they decided to do something better.

As a result of that,  Kuda microfinance bank grew their team to give people a wonderful banking experience.

 At this point, they decided to change their name from kudiMoney to another name.

 They had to change their name due to the frequent adoption of the “Kudi” name by other FinTech startups.

Kuda bank had the interest of people at heart, so they changed to Kuda, which is what they are today.

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Features – Kuda Microfinance Bank Review

See below, the core features of Kuda in Nigeria.

Mobile-first banking

Kudabank is mobile-first, It’s very good as Nigeria is dominated with mobile phones.

From research, in 2018, there were about 49.4 million mobile phone internet users in the country.

This figure has been projected to grow to over 76.3 million by 2023.

The mobile baking services by Kuda bank has aided people to reduce the stress of going to the bank.

 Zero Bank charges

This is wonderful. Your banks do charge you for almost everything 😍

You’ll be charged for card maintenance, transfers, sms,  stamp duty, etc.

Do you know what?. In Kuda microfinance bank, there’s nothing like that, no transfer fees, card maintenance. Etc.

As a Kuda user,  you get free 25 transfers each month. This is awesome right? 😍

This is the amount of money Kuda will save you from spending, 1,312.5 naira every month and 15,250 naira every year. (It’s equivalent of what traditional banks would have charged you if you do about 25 transfers each month).


This is a never seen feature of banking system in Nigeria. Kuda microfinance bank’s flexibility is awesome.

If you request for Kuda bank ATM it will be brought to your doorstep.

Customer Care service

To be sincere, they don’t provide 24/7 customer service.

But Kuda will attended to you very fast if you contact them through email.

According to  Hubspot eports 90% of customers will rate an immediate response as “important” when they have a customer service issue. “Immediate” here is said to be 10 minutes or less.


Kuda bank mobile app doesn’t allow screenshots to be taken in the app.  This is to ensure good security.

You alone will know your pin to access your mobile app.

Easy app usage

The Kuda app is much easy to use. The navigation buttons are also very understandable.

Kuda app is the fastest bank in terms of making transfers, no delays. You can make transfer from Kuda to other banks very swiftly.

Is Kuda Microfinance Bank Safe?

Yes, Kuda is 100% safe. I have used them for a long time now. It’s the same measure with your regular bank

How to install Kuda app

Installing Kuda app is very simple. What you should do is to go to Play store and install the app.

Here is the direct link to install the app.

Input this invitation code while registering your account with Kuda microfinance bank. PKP8BOI9


Thanks for reading my kuda microfinance bank review 2021. From my experience so far while using Kuda bank,  I can testify that they are really trusted.

Save your self time and money,  install Kudabank app today and have stress less mobile banking in Nigeria.

You can share your own experience with us while using kuda app.  Tell us via the comment box.

Don’t forget to share this post to your social media for others to read on and don’t forget to comment.

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