Kuda Launches All-in-One Business Account to Support Nigerian Entrepreneurs
FinTech company, Kuda Tech, said its new offering, “Kuda Business”, offered by its Nigerian subsidiary, Kuda MFB, will provide much-needed boost to freelancers and micro, small and medium-sized enterprises (MSME) entrepreneurs.
The company made the claim when launching the product in Lagos on October 10, 2022.
Kuda MFB’s Head of Banking Products and Partnerships Nosa Oyegun said, “Kuda Business will help small business owners overcome some of their many challenges.
“It’s the answer to some of the most fundamental challenges freelancers and MSMEs face in running their businesses, particularly in the areas of invoicing, making and receiving payments, and general management of their businesses. Kuda Business is an all-in-one manager that allows customers to send invoices, pay multiple invoices to different people and corporate entities easily without having to switch apps.”
He also listed some of the features that Kuda Business brings to include easy sending of estimates, ability to send invoices and get paid in multiple ways, make free transfers and bulk transfers, pay professional invoices without switching to another application and manage business finances with a team of two or more people.
According to him, others are the ability to start as self-employed and get help registering their business with the Corporate Affairs Commission (CAC) and the ability to use features (which will be available through the mobile app) that would allow businesses to receive payments. .
He further noted that Kuda Business helps the business owner reduce costs and facilitate internal processes.
“We know that saving money is important for businesses, that’s why customers of the platform enjoy the standard 25 free transfers from Kuda MFB to other banks every month with their Kuda Business account. In addition , to help entrepreneurs manage their finances, the Kuda Business account has a detailed dashboard that shows how money is coming and going with real-time updates so they never get confused about company finance.
“We’ve simplified the platform onboarding process so potential customers don’t have to go through a time-consuming or energy-intensive routine.
“Any entrepreneurs or freelancers who wish to take advantage of the Kuda Business functionality should do so; register at business.kuda.com, add money to their Kuda Business accounts, continue to use Kuda Business as a freelancers or upgrade to a full account and finally download the Kuda Business mobile app from their app store to manage their business account wherever they are,” he said.