Kuda launches remittance wallet for diaspora users after processing ₦8.5tn in Q1
- Kuda Technologies launched a multicurrency wallet to serve its growing diaspora customer base.
- The new wallet feature allows users abroad to send pounds and euros to Nigeria.
- Kuda's CEO noted that a significant portion of their seven million customers is relocating abroad.
TechCabal - Jul 8, 2025
After processing $9.3 billion in Q1, Kuda relaunches remittance product for non-Nigerian users
Kuda Technologies has relaunched its cross-border remittance service with a new multi-currency walle
Kuda's strategic move into the remittance space reflects a keen understanding of its customer base's evolving needs, particularly as more Nigerians relocate abroad. However, the challenge remains in balancing rapid growth with profitability, especially in a competitive market. It will be crucial for Kuda to innovate continuously and manage its resources effectively to sustain its growth trajectory.
