Babs Ogundeyi Biography: All You Should Know About Owner, Founder Of Kuda Bank

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Babs Ogundeyi Net Worth
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Who is ?

is the Chief Executive Officer and Co-Founder of Kuda Bank, Nigeria’s first full-service digital-only bank with a mission to make banking more accessible and affordable. He has audited and advised some of Africa’s largest banks and has a wealth of experience in the financial services sector.

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is the CEO and Co-Founder of Kuda Bank, Nigeria’s first digital-only bank, with the goal of making banking more accessible and affordable.

Babs Ogundeyi Education 

Babs Ogundeyi has a strong academic background. He graduated from Brunel University in London with a bachelor’s degree in Business Studies and Accounting.

and Net Worth

Babs Ogundeyi’s Professional Life

Babs Ogundeyi Net Worth, Babs Ogundeyi BiographyBabs Ogundeyi Profile

Before Kuda, Babs cofounded Kudimoney, Nigeria’s first online lending and savings platform, which was rebranded to Kuda in 2019 after receiving a licence from the Central Bank of Nigeria.

From 2011 to 2015, Babs served as a Special Adviser on Finance to the Oyo State . He served as Head of the state’s Microfinance Bank as Special Adviser, transforming it from a $2 million loss to a profit-making entity in four years. He was also in charge of raising capital in the state, leading the state’s largest bond issue in history – a $55 billion bond programme. Babs also established the Public-Private Partnership (PPP) office and the Debt Management Office (DMO), as well as creating products to increase Internally Generated Revenue.

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Babs also cofounded Motor Trader Nigeria, Nigeria’s first classified car magazine, which was sold to a major newspaper company after just one year on the market.

Babs has been named one of Nigeria’s top ten covid-19 innovators for his efforts to combat the pandemic’s effects. His mobile banking company, Covid, announced a 1.5 million Covid-19 fund in 2020 to help the least fortunate in . The bank collaborated with the Lagos Food Bank, a non-governmental organisation, during the implementation to ensure greater openness, accountability, and vigilance.

Babs Ogundeyi’s ongoing innovation in the financial arena demonstrates his zeal for solving complex challenges and inventing revolutionary methods to make life easier. Babs has created a smooth financial solution in the Nigerian fintech industry, which we applaud.

Babs Ogundeyi Profile

Kuda Bank began as Kudimoney, a lending platform, in 2016 and was rebranded in 2019 after being licenced as a full-service digital bank by the Central Bank of Nigeria. The bank became Nigeria’s first and only full-stack and mobile-first bank after receiving the banking licence. Last year, it collected $1.6 million in a fundraising round to support its expanded operations.

Kuda is a full-service, digital-only bank with offices in London, where it is headquartered, and Lagos, where it is based. It offers comprehensive banking services through mobile apps, allowing ordinary Nigerians with an internet connection to manage their spending accounts and save money without the hassle of traditional bank fees.

Kuda just launched its first credit product, allowing clients to get immediate credit through the Kuda app. It also distinguishes itself from digital wallets by providing clients with free debit cards that are sent at no cost.

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In the UK, Kuda raised $1.6 million in pre-seed fundraising in 2019 and is now seeking a series A round. Kuda founded the COVID-19 fund in 2020 to help vulnerable populations in Lagos, a metropolis with a population of over 20 million people.

Babs Ogundeyi Personal Life

Kuda Bank’s CEO, Babs Ogundeyi, is married. His marriage has produced several children.

Babs Ogundeyi Net Worth

Ogundeyi’s net worth has yet to be determined, however, it is expected to be in the range of $100 million to $500 million.

 

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