Babs Ogundeyi

Babs Ogundeyi is the CEO and Co-founder of Kuda Bank, Nigeria’s first full-service digital-only bank licensed by the Central Bank with a mission to make banking more accessible and affordable. He has strong expertise in the financial services sector, having previously spent years auditing and advising some of Africa’s biggest banks. As Special Adviser on Finance to the Governor of Oyo State in Nigeria, Babs used his considerable private sector knowledge to raise the largest infrastructural bond in the state’s history.

Kuda is a full-service, digital-only bank with offices in London, its HQ, and Lagos. It provides full banking services via its apps which allow everyday Nigerians with internet access to run a spending account, save money automatically without the burden of traditional bank charges. Kuda recently released its first credit product, giving customers access to instant credit via the Kuda app. It also provides customers with free debit cards, delivered at no cost, differentiating it from digital wallets.

Kuda raised $1.6 million in pre-seed funding in the UK in 2019 and is now looking to raise a series A round. In 2020, Kuda launched a COVID-19 fund to provide relief to vulnerable groups in Lagos, a city of over 20 million people.