Kuda MFB to expand experience centres after national licence upgrade
- Kuda Microfinance Bank received a national banking license from the Central Bank of Nigeria.
- The new license allows Kuda to expand its physical footprint beyond its previous geographic restrictions.
- Kuda plans to open more experience centers for customer support and community engagement.
Kuda's transition to a national microfinance bank is a significant step that could enhance its competitive edge in the fintech space. However, the increased regulatory requirements and capital demands may challenge its operational agility. It will be crucial for Kuda to balance its digital-first approach with the new physical presence to maintain customer satisfaction and operational efficiency.
