UK Companies House feature
KUDA TECHNOLOGIES LIMITED
Cash
£47M
+411,878.2% vs 2020
Net assets
—
Equity attributable
Employees
17
+325% vs 2020
Profit before tax
—
Period ending 2021-12-31
Profile
- Company number
- 11472232
- Status
- Active
- Incorporation
- 2018-07-19
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62090
Cash
3-year trend · vs UK AI & Enterprise SaaS median
Accounts
3-year trend · latest 2021-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | -£342,937 | — | |
| Profit before tax | — | — | — | |
| Net profit | — | — | — | |
| Cash | — | £11,416 | £47,031,430 | |
| Total assets less current liabilities | — | — | — | |
| Net assets | — | — | — | |
| Equity | £0 | £7,106,144 | £64,980,462 | |
| Average employees | — | 4 | 17 | |
| Wages | — | £64,471 | £1,145,037 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- IFRS
- Reporting scope
- Consolidated (group)
- Auditor
- KLSA LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”
Subsidiaries
- Kuda Microfinance Bank Limited · 100% held · Nigeria
- Kuda Nominees Limited · 100% held · Nigeria
- Kuda Retail Limited · 100% held · Nigeria
- Kuda Ghana Limited · 70% held · Ghana
- Kuda Financial Services Limited · 91% held · Uganda
- Kuda EMI Limited · 100% held · United Kingdom
- Kuda Tanzania Limited · 99% held · Tanzania
- Kuda Technologies Canada Ltd · 100% held · Canada
Significant events
- “Kuda Microfinance Bank Limited, which represents 99% of the total Groups revenue, had significant increase in revenue in Naira terms from #10.9 billion in 2023 to #21.2 billion in 2024, but the Groups revenue decreased in terms of USD on account of devaluation of Naira.”
- “The average exchange rate moved from #652.50 per £1 in 2023 to #1,485.94 per £1 in 2024, which materially increased foreign currency translation costs and adversely impacted reported results.”
- “The Company reported a loss of USD.8,539,956 in the year compared to USD.40,304,070 in 2023. It is mainly driven by an increase in staff costs and IT costs. This operating.cost incurred in the early years paves the way for profitable growth to follow.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2020-08-12 | — | — |
| KOBULNIK, Reuben | Director | 2025-01-01 | Apr 1978 | American |
| MOROZOV, Valentin | Director | 2026-03-24 | Mar 1973 | Russian |
| MUSTAPHA, Mutairu Omotosho | Director | 2021-07-07 | Oct 1987 | Nigerian |
| OGUNDEYI, Babatunde | Director | 2018-07-19 | Oct 1977 | British |
| PRESSBURG, Daniel Peter | Director | 2025-01-01 | Feb 1982 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASWANI, Harkishin | Director | 2020-08-21 | 2021-02-24 |
| KULASINGAM, Rajendran | Director | 2020-06-29 | 2020-08-21 |
| MCCORMACK, Andrew John | Director | 2021-02-24 | 2025-01-01 |
| MEITERN, Ragnar | Director | 2020-06-26 | 2020-08-21 |
| SCHAEFER, Dr Ricardo | Director | 2020-08-21 | 2026-03-24 |
| VOGEL-CLAUSSEN, Christian | Director | 2020-06-27 | 2020-08-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Babatunde Ogundeyi | Individual | Shares 25–50%, Voting 25–50% | 2018-07-19 | Active |
Filing timeline
Last 20 of 58 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-24 | TM01 | officers | termination director company with name termination date |
| 2026-03-24 | AP01 | officers | appoint person director company with name date |
| 2026-01-07 | AA | accounts | accounts with accounts type group |
| 2025-08-13 | RP04SH01 | change-of-name | legacy |
| 2025-08-12 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-01-29 | AA | accounts | accounts with accounts type group |
| 2025-01-03 | AP01 | officers | appoint person director company with name date |
| 2025-01-02 | AP01 | officers | appoint person director company with name date |
| 2025-01-02 | TM01 | officers | termination director company with name termination date |
| 2024-08-14 | CH01 | officers | change person director company with change date |
| 2024-08-14 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2024-08-14 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-08-09 | MA | incorporation | memorandum articles |
| 2024-08-09 | RESOLUTIONS | resolution | resolution |
| 2024-08-02 | SH01 | capital | capital allotment shares |
| 2024-06-03 | AA | accounts | accounts with accounts type group |
| 2023-12-04 | CH01 | officers | change person director company with change date |
| 2023-08-01 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-11-23 | AA | accounts | accounts with accounts type full |
| 2022-11-07 | RP04SH01 | capital | second filing capital allotment shares |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory