Ready to take your registered business to the next level with Kuda? Our Full Business Account is designed for companies that need comprehensive banking services. Follow these steps to get started:
Step 1: Download the Kuda Business App
- Go to your device's app store (Google Play Store for Android or App Store for iOS).
- Search for "Kuda Business".
- Download and install the app.
Step 2: Sign Up
- Launch the Kuda Business App.
- If you have a personal Kuda account, tap "Sign up with Kuda".
- If you're new to Kuda, select "Sign up with email".
Step 3: Complete Your Profile
- Fill in your personal information as requested.
- Make sure all details are accurate and up-to-date.
Step 4: Choose Full Business Account
- From the dashboard, select "Full Business".
Step 5: Provide KYB Information
We'll need to verify your business. The required documents depend on your business type:
For Business Names:
Admin Information:
BVN and a valid NIN
Address and proof of address
Business Information:
CAC registration number
FIRS or JTB Tax Identification Number (TIN)
Business ownership details
Certificate of Registration of Business Name
CAC Registration Form (CAC BN/1 or CAC Status Report)
Electronic Consent Form (for businesses with multiple owners)
Proof of business address Ensure accurate and up-to-date proof of address documents such as recent utility bills, rent agreements, or bank statements aligning with the business's registered address.- Utility bills such as power, water, or waste bills, displaying the business address provided during registration. These must not be older than six months.
Ensure the address on the documents matches the registered business address. If discrepancies exist, update the documents before submission.
If shared meters or community utility bills are used, manually add your specific address on the bill for clarity.
Alternative proof of address documents include rent receipts/agreements for the current year or a business account statement from a commercial bank, excluding fintech or personal account statements.
Save and upload all documents in JPEG, PNG, or PDF formats for clear and legible verification.
For Limited Liability Companies:
All documents required for Business Names, plus:
Certificate of Incorporation
Memorandum and Articles of Association
Particulars of Directors (CAC 7/7A or CAC 1.1 or CAC Status Report)
Particulars of Shareholders (CAC 2/2A or CAC 1.1 or CAC Status Report)
Electronic Consent Form (to be approved by all Directors)
Step 6: Review and Submit
- Double-check all the information and documents you've provided.
If everything is in order, submit your application.If any document is rejected during verification, you will need to address the issue, correct the document as per the outlined requirements, and re-upload it directly through the Kuda Business App. Ensure the Kuda support team is notified to initiate re-verification after corrections have been made.
What Happens Next?
Our team will carefully review your application. We may reach out if we need any additional information. Once everything is verified, we'll activate your Full Business Account.
Key Features of Your Full Business Account
Daily transaction limit of 250 million NGN
Access to all Kuda business banking features, including:
Send and receive payments
Invoicing
POS and Virtual POS services
POS Dashboard
softPOS for mobile payments
Sub-accounts for organized finances
Cashback on airtime purchases and bill payments
Payroll management
Business APIs for integration
Team banking for multiple users
We're excited to partner with you in growing your business! If you have any questions during the application process, please don't hesitate to contact our support team. We're here to help you every step of the way.