Partech confirms $5.8 million investment in Nigeria's Kudi
Partech confirms its investment in Nigeria's Kudi. Kudi is a fintech startup.
“We believe that Yinka and Pelumi have the right vision to build the best platform for agent networks. The Kudi team has built an excellent product that their agents love to use. As a result, Kudi has demonstrated an impressive growth since its inception.”
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Yinka and Pelumi felt the need to build a product that could act as a gateway, facilitating the conversion of cash to digital and digital back to cash for the everyday consumer.
Their solution: an agent network that has grown to over 4,500 merchants. Their agents allow Kudi’s customers to easily make digital payments, top-up airtime, send and even withdraw money. The agents act as a middle-man between the client and the app, digitizing cash or vice versa.