Kuda expands business banking to support NGOs and religious groups
Kuda has introduced an upgrade to its business banking services, now allowing non-governmental organisations and incorporated trustees to open accounts more easily. The update aims to remove the long-standing administrative hurdles faced by religious bodies and charities in Nigeria. Nosa Oyegun, SVP of Business Banking at Kuda, highlighted the importance of providing modern financial tools to these organisations. The new service is designed to streamline financial management and increase transparency for NGOs and religious institutions.
TLDR
- Kuda now allows NGOs, religious organisations, and incorporated trustees to open business accounts online, reducing paperwork and wait times.
- The upgrade enables these groups to manage donations, grants, payments, and track transactions in real time through a single app.
- Nosa Oyegun stated that the update is focused on removing structural barriers for Nigerian organisations.
- The new process meets regulatory requirements while reducing manual reviews and customer support workload.
- The update is expected to help organisations focus more on their missions by making financial management faster and more transparent.
