Kuda’s Q1 2025 Surge: Processing Over ₦14 Trillion in Digital Transactions
Nigerian neobank Kuda Technologies has unveiled remarkable operational performance for the first quarter of 2025, showcasing its growing dominance in the African digital banking sector. The fintech powerhouse reported processing an astounding over 300 million transactions, amounting to a staggering ₦14.3 trillion across its comprehensive retail and business banking services. This significant disclosure highlights Kuda’s escalating influence and capacity within Nigeria’s rapidly evolving financial technology landscape.
Unpacking Kuda’s Stellar Financial Metrics
Kuda’s Chief Executive Officer, Babs Ogundeyi, revealed these impressive figures during a media parley held in Lagos on Monday, July 7, 2025. Delving into the specifics, Ogundeyi detailed that the neobank’s retail banking segment was responsible for processing a massive ₦8.5 trillion, while its robust business banking arm facilitated ₦5.8 trillion in transactions during Q1 2025. This granular breakdown represents the most comprehensive operational update Kuda has ever publicly shared, moving beyond previous disclosures focused solely on customer growth—such as its reported 7 million users as of January 2024. Significantly, this is the first instance the startup has released such detailed financial metrics, offering unprecedented transparency into its operations. Since its launch in 2019, Kuda has cumulatively processed a monumental ₦55.8 trillion in total transactions, cementing its position as a pivotal player in Nigeria’s digital economy. Furthermore, Kuda disclosed it issued ₦16.4 billion in overdrafts within Q1 2025 alone. This substantial figure positions the neobank strongly to surpass its entire overdraft issuance from 2023, when it extended $12.6 million (or its naira equivalent) in credit, underscoring its expanding financial services offerings and growing user trust.
Kuda’s Q1 2025 performance paints a clear picture of a neobank experiencing exponential growth and solidifying its operational efficiency. These figures not only underscore the immense potential of digital banking in Nigeria but also firmly establish Kuda as a leading innovator driving financial inclusion and modernizing payment systems across the African continent. The detailed insights into its transaction volumes and credit facilities reflect a mature and rapidly expanding financial institution poised for continued impact.
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