Unrecovered Loans, Operational Expenses, Others Plunged Kuda to N6 Billion Loss in 2021: Report
An estimated N6 billion ($14.2 million) loss was incurred by Kuda MFB, a neobank using a Nigerian microfinance bank licence in 2021.
TechCabal citing the bank’s 2021 financial report detailed that the loss was a huge rise of 602% from…