Kuda Microfinance Bank is known as the bank of the free, disrupting Nigeria’s traditional banking in a great way, with its banking model that focuses on zero fee services, an easy-to-use app for banking, and a digital banking solution, they are a great addition to the Nigeria banking scene.
Employees are now quitting their other tech and finance sector jobs for Kuda as they receive more in terms of remuneration, however, questions are always asked about Kuda remuneration, “how much does Kuda MFB pay its staff”?
What is the experience of working for Kuda Microfinance Bank? What is the Kuda MFB salary structure for 2025?
Here in this article, we explore Kuda MFB Salary Structure in Nigeria. Whether you are a recent graduate, a seasoned professional, or simply curious about fintech compensation, this guide offers valuable insights into what you can expect.
Also see: Opay Salary Structure (2025): How Much Does Opay Pay Its Employees?
Kuda Bank’s Salary Structure (2025)
Kuda Bank tries to offer salaries that compete with the highest paying salaries across the fintech industry to keep the best people on board. Kuda Bank doesn’t have the same rigid salary structure based on seniority and time spent with the company. Kuda Bank pays based on how much impact a person has on the company
Kuda Bank does not have a salary structure displayed to the public, so we have to do research through salary surveys, industry research, and collect information from people who have worked at Kuda in the past and present in order to come up with Kuda salaries.
Salary compensation is based on individual attributes, what the individual is able to negotiate, and how much the department has allocated for salaries in that department.
Bank MFB has many departments, and like most fintech companies, most young graduates are attracted to entry-level positions. There are positions in customer support, operations, and technology.
Entry-Level and Graduate Trainee Salaries at Kuda Bank
Kuda Bank recruits recent graduates and offers a training program. Kuda Bank has a mission and is looking for people who would fit in with the rest of the team. Candidates need to be competitive.
Kuda Bank Interns and Graduate Trainees are estimated to receive a monthly salary of around ₦150,000 to ₦250,000.
Customer Service Representatives at Kuda MFB
As the front line of the bank’s operations, these roles are very important for maintaining customer satisfaction.
- Estimated Annual Salary: ₦1,500,000 – ₦2,400,000
- Monthly Breakdown: Approximately ₦125,000 – ₦200,000 per month.
- Additional Benefits: They may also have performance-based bonuses tied to customer satisfaction ratings and resolution times.
Software Engineers & Developers at Kuda MFB
This is where Kuda invests heavily. Salaries for tech roles are among the most competitive in the industry.
- Mid-Level Developer (3-5 years experience): ₦5,000,000 – ₦9,000,000 per annum.
- Senior Developer/Team Lead (5+ years experience): ₦10,000,000 – ₦15,000,000+ per annum.
- Tech Stack Impact: Proficiency in high-demand languages and frameworks like Go, Python, Java, React Native, and cloud technologies (AWS, Azure) can push these figures even higher.
Marketing Professionals
From digital marketing specialists to brand managers, these roles drive user acquisition and engagement.
- Marketing Specialist: ₦3,000,000 – ₦5,000,000 per annum.
- Senior Marketing Manager: ₦6,000,000 – ₦10,000,000 per annum.
- Performance Link: A significant portion of the compensation, especially for managers, can be tied to performance metrics like app downloads, user activation, and deposit growth.
Data Analysts & Scientists
In a data-driven organization like Kuda, these roles are gold. They analyze user behavior, manage risk, and drive product strategy.
- Data Analyst: ₦4,000,000 – ₦6,500,000 per annum.
- Data Scientist: ₦7,000,000 – ₦12,000,000+ per annum.
Product Managers
Product managers act as the bridge between business, technology, and design, making them critical to Kuda’s success.
- Associate Product Manager: ₦4,500,000 – ₦7,000,000 per annum.
- Product Manager: ₦8,000,000 – ₦14,000,000+ per annum.
- Compensation Structure: This often includes a substantial performance bonus linked to the success of the products they manage.
Loan Officers & Risk Analysts
These roles are central to Kuda’s lending arm (Kuda Overdraft and other credit products).
- Loan Officer: ₦2,500,000 – ₦4,500,000 per annum (often with commissions on disbursed loans).
- Risk Analyst: ₦4,000,000 – ₦7,000,000 per annum.
Comprehensive Benefits Package at Kuda
We cannot talk about the Kuda MFB salary structure without mentioning the profound benefits packages as well. This total rewards approach is what makes Kuda a good employer.
Some of the benefits you may be entitled to are:
- Health Insurance: Kuda provides health insurance to employees as well as their dependents.
- Pension Contribution: Kuda is a company that bounties the Nigerian Pension Reform Act, where a minimum of 10% of the employees monthly salary is contributed to their RSA (Retirement Savings Account).
- Hybrid/Remote Work Culture: Kuda is an organization that has a hybrid work structure which allows employees to save costs on commuting as well as getting a work-life balance. This is a huge benefit.
- Staff Loans and Overdrafts: Employees have the convenience of getting staff loans and overdraft facilities on their Kuda accounts at a smaller interest rate and in a higher amount.
- Learning and Development: Employees are uplifted in Kuda as there is a huge amount in the Kuda budget that is allotted to employees for training and attending workshops, seminars, webinars, and getting other online certifications.
- Paid Time Off (PTO): Kuda has a good number of leaves which include sick leave, annual leave, paid parental leave, and other leave leaves that are paid.
High performers in the organization are known to receive huge bonuses on a yearly basis. This is Performance bonuses and equity. Tech companies like Kuda have been known to offer company shares to their employees which is known to be equity.
Career Growth and Progression at Kuda MFB
Kuda is fast growing, and that is because of its high performance employees. Due to its flat structure, employees are granted significant responsibilities early in their careers, and that is why the employee attrition is so low.
There is a significant demand in Kuda due to employees being able to skip multiple roles and earn promotions to more senior positions, sometimes earning extreme salary increments in the process.
Kuda’s Salary Compared to Other Nigerian Banks and FinTechs?
- Kuda Vs. Traditional Commercial Banks (GTBank, Zenith, Access): For the regular banking jobs, salary ranges may be about the same. For those in tech jobs, however, Kuda tends to pay much more as it sees tech employees as critical to the business and not just as an auxiliary support function. There is also less hierarchy and more diversity in work culture at Kuda.
- Kuda Vs. Other FinTechs (Paystack, Flutterwave, Moniepoint): Kuda’s pay within the fintech sector is also very good. All of them are after the same top candidates, and this results in good salary offers all round. For an individual, the offers tend to be about the same, and the final decision is usually based on the specific work to be done, the culture at the workplace, and the other benefits.
Also see: Mobile Architect (POS Terminal) at Moniepoint
Conclusion: Should Kuda MFB Be Your Next Career Move?
Kuda MFB’s salary structure is very attractive, especially in the area of technical and product roles. Considering the other benefits offered, and the work/life balance, Kuda is one of the best employers in the fintech industry.
While I have done my best to estimate and forecast the salary, the final offer will come to the employee after a working negotiation. If you’re a high performing candidate wanting to work with cutting edge technology, and want to work in a very fast moving industry, then Kuda MFB should be one of your top choices.
Disclaimer: The salary estimates in this article are based on publicly available data and market research. They are not official figures from Kuda Microfinance Bank and should be used as a guide. Actual compensation may vary based on individual circumstances and negotiation.