Kuda Technologies Posts ₦14.3 Trillion in Q1 2025 Transactions as Paid Transfers Overtake Free Transfers

Kuda Technologies processed more than 300 million transactions with a combined value of ₦14.3 trillion, equivalent to approximately $9.3 billion, across its retail and business banking arms in the first quarter of 2025, the Nigerian neobank disclosed. Paid transfers exceeded free transfers by value.

RETAIL AND BUSINESS BANKING SPLIT

Kuda's retail banking arm accounted for ₦8.5 trillion of the total transaction value, with the business banking segment contributing ₦5.8 trillion.

The more than ₦3 trillion in non-free transfers compared with almost ₦1 trillion in free transfers in Q1 2025 represents a ratio of more than three-to-one in favour of paid activity.