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Kuda is a fintech company operating in Nigeria and the UK, it operates as a digital microfinance bank with license from the Central Bank of Nigeria.

With over 5 million downloads on playstore, it is one of the most used mobile money app in Nigeria. Do you want to know if kuda network is down at this moment? Check kuda network status below

KUDA NETWORK STATUS

• Service Degradation Affecting Retail Service
  October 29, 2025
  Oct 29, 20:46 CETResolved – This incident has been resolved.Oct 29, 20:16 CETMonitoring – A fix has been implemented and we are monitoring the results.Oct 29, 19:57 CETIdentified – The issue has been identified and a fix is being implemented.Oct 29, 19:31 CETUpdate – We are continuing to investigate this issue.Oct 29, 18:24 CETInvestigating – Our teams are currently investigating an issue causing intermittent and sporadic service instability across the app. While our services are generally online, some users are experiencing inconsistent behavior, including issues with login, balances, transfer and cards.
• CAC verification on Kuda for Business is Delayed
  October 29, 2025
  Oct 29, 10:09 CETResolved – This incident has been resolved.Oct 28, 19:21 CETMonitoring – A fix has been implemented and we are monitoring the results.Oct 28, 15:10 CETIdentified – We are having issue with verifying CAC information. We are working with our partner to resolve this soonest.
• We’re investigating an issue with POS transactions.
  October 20, 2025
  Oct 20, 12:29 CETResolved – This incident has been resolved.Oct 19, 10:47 CETUpdate – We are continuing to investigate this issue.Oct 18, 18:26 CETInvestigating – Some merchants may experience delayed or missing transaction notifications and a few unsettled transactions.Please print your receipts and check your POS statements to confirm settlements.If you need help, reach out to your Relationship Manager or email business@kuda.com.
• Unable to use Delivered OTPs
  October 18, 2025
  Oct 18, 12:03 CETResolved – This incident has been resolved.Oct 18, 11:54 CETMonitoring – A fix has been implemented and we are monitoring the results.Oct 18, 11:29 CETUpdate – UPDATE!! A fix has been identified and is currently being implemented. We will provide an update once deployment is complete and OTP functionality is verified.Oct 18, 10:32 CETUpdate – We are continuing to work on a fix for this issue.Oct 18, 10:25 CETIdentified – Delivered OTPs are not valid for use. We are working to fix it soonest.
• MTN OTPs Are Delayed
  October 16, 2025
  Oct 16, 23:44 CETResolved – This incident has been resolved.Oct 16, 20:03 CETIdentified – MTN OTPs might be delayed. We are working with the team to resolve this soonest

ALSO CHECK , IS PAYSTACK DOWN TODAY ?

KUDA FAQS

Is Kuda a registered bank?

Yes, Kuda has a microfinance banking license from the Central Bank of Nigeria. Registration number is RC 796975.

What fees does Kuda charge?

Kuda gives you 25 free transfers every month if you sign up with your Bank Verification Number (BVN).

Extra transfers will cost you 10 naira each

Does Kuda give loans?

Kuda gives overdrafts, and you’ll be eligible to take an overdraft if you use your Kuda account regularly.

What do I need to open a Kuda account?

To open a Kuda account, you must be at least 16 years old and you must have an email address and a phone number.

What kind of account will I get?

If you sign up with your name, phone number and BVN (Bank Verification Number), you’ll get an account limited to a maximum balance of 300,000 naira, a maximum deposit of 50,000 naira at a time and a maximum transfer of 50,000 naira at a time.

If you add a government-issued ID (like your driver’s license, national ID card or international passport) to your Kuda profile, we’ll remove those limits from your account.

Is there a minimum balance on Kuda Account?

No, kuda doesn’t have a minimum account balance.

Is my money safe with Kuda?

Yes, your money is safe with kuda. Kuda secure all accounts with the same high-security encryption used by regular banks.

For extra protection, kuda insure every deposit you make into your Kuda account. 

If all banks are wiped out by a natural disaster or something, the Deposit Insurance Fund of the National Deposit Insurance Commission (NDIC) is required to pay you 200,000 naira as compensation.

How will I put money in my Kuda account?

You can transfer money to your Kuda account from any Nigerian bank with a bank app or through internet banking.

You can also add money to your upgraded account with most debit or credit cards. Tap Add Money on your Kuda dashboard and choose the Add By Card option.

Adding money to your account by card is free up to a total of 100,000 naira. After that, kuda will no longer cover the third party payment gateway fee.

If you have cash, you can deposit it into your Kuda account at partner banks. Tap Add Money on your Kuda dashboard and choose the Add By Deposit option to get instructions.

Will I get account statements?

Yes, you can request an account statement for a specific time period. 

To request an account statement, tap More on the app then tap Statements & Reports.

Where’s Kuda office?

Kuda is located at 151, Herbert Macaulay Way, Yaba, Lagos.