IBFIA awards

By Peter Egwuatu

Kuda, a Berlin-based international venture capital firm with over 1.5 billion euros in assets under management, and Target Global’s have   revealed   plans   to fund start-ups   in Nigeria.

This was revealed when Kuda brought together founders of several Nigerian start-ups and local technology investors at an exclusive interactive session held in Lagos.

READ ALSOTwitter ban: PDP govs mourning inability to spread fake news, hate – Garba Shehu

Co-hosted by Kuda Technologies, a digital-led bank for Africans and Target Global’s first investment in Africa, the event highlighted the growing stream of foreign direct investment into Nigeria’s start-up scene and opened up new avenues for fund raising to local founders.

Speaking at the event, Ricardo Schaefer, a partner at Target Global, reiterated the firm’s commitment to funding Nigerian start-ups.

He said, “We’re excited about any founder with big ambitions and we’re looking for start-ups with big outcomes.”

The CEO of Kuda Technologies, Babs Ogundeyi, stated: “Target Global has been a valuable partner in Kuda’s rise to relevance, even beyond making sizable investments in both its seed and Series A fundraising rounds.

“Target joining us corroborated all the things my team and I believed. Our journey has been fuelled by a really good investor that believes in us, and I’m even more confident that we’re going to build the biggest bank for every African on the planet.”

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.