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 multi-currency wallet.
- The neobank raised $20 million at a $500 million valuation in 2024.
- Kuda processed over 300 million transactions totaling ₦14.3 trillion ($9.3 billion) in Q1 2025.
Kuda's strategic move to re-enter the remittance market with a user-friendly multi-currency wallet is commendable, especially given the competitive landscape. However, the success of this initiative will heavily depend on regulatory compliance and user adoption, which could pose challenges in the long run.
