Kuda Bank: against COVID-19 Company
Entity: Kuda Bank
Category: FinTech and Digital Economy
Description: A no-fee full service digital only bank with its own stand alone banking license, making banking affordable for all Africans on the planet.
Project: Kuda Partners With Lagos Food Bank to Raise Funds and Distribute COVID-19 Relief Materials
Summary: Nigeria’s digital-only bank, Kuda Bank, has launched a COVID-19 fund to help buy and distribute food and other essentials to people badly affected by the economic impacts of the COVID-19 pandemic in Lagos, Nigeria. The Fund received an initial contribution of 500,000 naira from Kuda before being opened to the general public. The Federal Government of Nigeria issued placed Lagos state on lockdown for an initial 14 days on March 29. This was to help check the spread of the virus in that state. Ogun state was also included in the presidential lockdown alongside the Federal Capital Territory, Abuja. With nearly 90 million Nigerians (50%) living in extreme poverty and many Lagosians feeding from hand to mouth, it is obvious that sustaining a lockdown requires access to food, water, medicine and a host of other necessities.
+ Investors:
Ragnar Meitern
Haresh Aswani
Category: FinTech and Digital Economy
Description: A no-fee full service digital only bank with its own stand alone banking license, making banking affordable for all Africans on the planet.
Project: Kuda Partners With Lagos Food Bank to Raise Funds and Distribute COVID-19 Relief Materials
Summary: Nigeria’s digital-only bank, Kuda Bank, has launched a COVID-19 fund to help buy and distribute food and other essentials to people badly affected by the economic impacts of the COVID-19 pandemic in Lagos, Nigeria. The Fund received an initial contribution of 500,000 naira from Kuda before being opened to the general public. The Federal Government of Nigeria issued placed Lagos state on lockdown for an initial 14 days on March 29. This was to help check the spread of the virus in that state. Ogun state was also included in the presidential lockdown alongside the Federal Capital Territory, Abuja. With nearly 90 million Nigerians (50%) living in extreme poverty and many Lagosians feeding from hand to mouth, it is obvious that sustaining a lockdown requires access to food, water, medicine and a host of other necessities.
+ Investors:
Ragnar Meitern
Haresh Aswani
Technology:
FinTech and Digital Economy
Headquarters:
United Kingdom
Founded Date:
N/A
Employees Number:
N/A
Funding Status:
N/A
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