Kuda Business Supports Businesses with POS Terminals

Business management and banking platform, Kuda Business, is now providing support to more than 100,000 freelancers and micro, small and medium scale enterprises (MSMEs) in Nigeria.

This accomplishment underscores Kuda’s commitment to revolutionising the way businesses manage their finances and access essential banking services.

Launched in 2022, the product aids the process of invoicing, making and receiving payments and boosts general management of business outfits, easing otherwise strenuous internal processes.

Since its launch, Kuda Business has rolled out unique features like Sales Mode, Kuda Payroll, and business registration on the Kuda Business mobile app as well as a softPOS feature that helps businesses receive contactless payments on their smartphones wherever they are.

In today’s rapidly evolving business landscape, MSMEs play a pivotal role in driving economic growth and innovation. Recent data from the International Labour Organisation (ILO) has revealed that MSMEs contribute 48 per cent of Nigeria’s GDP and employ 84 per cent of Nigeria’s jobholders.

This underscores the importance of having banking systems that cater to the unique needs of entrepreneurs, eliminating cumbersome processes, limited accessibility, and unnecessary fees.

“Reaching the milestone of 100,000 customers is a testament to the value we bring to small businesses and freelancers,” said Nosa Oyegun, VP Product Innovation Strategy at Kuda.

“Our mission has always been to empower businesses with the financial tools they need to thrive in today’s competitive market. We understand the importance of agility, efficiency, and accessibility, which is why we’ve developed a platform that simplifies banking processes and puts control back into the hands of entrepreneurs.”

Kuda Business provides its customers with a range of innovative features, including seamless account opening, real-time transaction monitoring, instant fund transfers, customizable invoicing, and expense tracking. By leveraging cutting-edge technology and user-centric design, Kuda Business enables customers to streamline their financial operations, save time, and make informed decisions to drive business growth.

“In an increasingly digital world, businesses need access to intuitive and efficient banking platforms like Kuda Business,” added Okoronkwo Kanno, Senior Product Manager at Kuda. “Our platform empowers entrepreneurs to focus on what they do best – running their businesses – without being burdened by outdated banking practices. We are committed to continuously enhancing our offerings and expanding our reach to support even more businesses on their journey to success.”

With a growing customer base and a relentless focus on innovation, Kuda Business is poised to redefine the future of business banking and drive positive change in the entrepreneurial ecosystem.