According to reports, Nigeria's Kuda Bank will lose N6 billion in 2021.

In contrast to the N868 million loss it reported in 2020, Nigerian Microfinance Bank Kuda Bank reported a loss of N6 billion in 2021. Techcabal, a news outlet based in Nigeria that specializes in reporting the IT industry in Africa, broke the initial news on the company’s outcome. Kuda Bank is a poster company for Nigeria’s burgeoning FinTech startups and has garnered widespread attention…
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