Kudi a Nigerian Payment chatbot thats facing away ambiguous USSD codes, endless OTPs, apps and routine filling of card details has made it to the Y-Combinator 2017 winter batch thats currently on going In Carlifornia.
Kudi is here to make purchase of data easy, transfer of funds and payments quicker and safe. Kudi a messaging bot pitching tents undedr the messenger app and coming soon to skype . Despite Nigeria having a low population percentage ( 39%) having access to internet, this is a challenge for them getting to route and findd places with alittle stable internet to do their payments and billing.
Having one major advantage Kudi costs you any data to transfer payments having it as part and parcel of facebook free basic ana all you need is just the other persons phone number.
Unlike other money transfer services in Nigeria, personles who access and use Kudi pay no amount or fees when transferring money to bank accounts. Kudi, however, does charge a convenience fee of 100 Naira (about 30 cents) for bill payments. So far, $15,000 worth of transactions have been made through Kudi and it’s grown 125 percent week over week in revenue.
Y-combinator is not only home for kudi coming the next few months but also WaystoCap, , a Business to Bussiness marketplace where businesses in Africa can buy and sell products.
“A few services have tried mobile apps but consumers are tired of installing and figuring out new apps, Some aren’t even that sophisticated to handle the nuances that accompany every new mobile app and will rather stick with those they already use. Messaging on the other hand is a more compelling interface as it works for people across generations. This is because everyone understood messaging right from the days of SMS and chat apps have been the most successful apps on the continent.” Kudi co-founder Pelumi Aboluwarin said .
Kudi plans to expand reaches to Kenya and Ghana after finalizing its set on the Y-Combinator.
