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Sudo Africa | Company profile, Business Model, and Operations

Recieved Funding?
yes
Type of Funding
Seed funding
Number of Funding Phases
1
Business Type
Private Company

All you need to know about Sudo Africa

About Us

Sudo is a modern card issuing and payment platform for Africa, with an open API that allows you to integrate robust financial capabilities into your product. Develop in minutes, go live in days.

Aminu Bakori and Kabir Shittu established Sudo Africa to address a challenge they faced while developing a mobile wallet system.

Their attempt to issue cards in partnership with Nigerian banks proved to be extremely difficult, as the card acquisition process took weeks and the cards had limited functionality.

Nigerian banks are proficient in internal transactions but struggle with external services such as interbank transactions and international payments. In response, they founded Sudo to streamline and improve the card issuance process.

Sudo offers an open API for issuing physical and virtual cards, making it quick and easy for businesses, merchants, and individuals to provide tailored financial services for both local and international payments.

Sudo Africa has experienced rapid expansion from a FinTech startup based in Nigeria to a well-established company with global recognition.

Our range of services caters to a diverse clientele spanning different sectors such as corporations, fintechs, microfinance banks, government, schools, and more.

Our goal is to strengthen the fundamental card issuance infrastructure across Africa.

  • Headquarters: Kaduna, Nigeria
  • Year Founded: 2021
  • Employees: 11-50

Our Mission

Our Mission at Sudo is to offer companies a contemporary card issuance and payment infrastructure that empowers them to integrate robust financial capabilities into their offerings. Our platform facilitates quick development, allowing for easy creation in minutes and launch in days.

Our commitment is to offer a contemporary platform for card issuance that empowers intelligent and effective spending.

Companies can generate personalized virtual and physical cards through the Sudo dashboard or API for a range of uses, such as corporate expenditures, neo-bank wallets, and delivery completions.

Our platform enables tracking of expenses, establishing payment restrictions, and approving payments instantly. The potential applications are limitless.

Our Core Values

1. Empowering Businesses

Sudo Africa's mission centers on providing a platform that simplifies financial product creation for businesses. This allows businesses to innovate and offer new financial services to their customers without the burden of building the infrastructure themselves.

2. Driving Financial Inclusion

By making it easier for businesses to offer financial products, Sudo Africa can indirectly contribute to financial inclusion in Africa. More businesses offering financial products means more people potentially gaining access to those products.

3. Teamwork and Diversity

Sudo Africa emphasizes the importance of their team in their success, highlighting a culture of collaboration and valuing diverse perspectives

4. Commitment to Excellence 

A commitment to enhance financial inclusion most efficiently and seamlessly for its clients and their customers motivates the company. It achieves this goal by providing creative and user-friendly solutions to both businesses and individuals. The company's exceptional performance and consistent contributions to the financial sector have been recognized with three awards from Interswitch.

Our Services

In essence, these tools enable businesses to develop their own financial products, such as physical and virtual cards, without the need to construct the necessary infrastructure. This can result in significant time and cost savings for businesses.

1. Card Issuing

They provide a platform to programmatically create, manage, and distribute both physical and virtual cards. These cards can be local or international and come with advanced spending controls and real-time authorization. This allows businesses to give their users a secure and customizable way to spend money.

2. Account Management

Sudo Africa also provides a platform to create and manage virtual bank accounts. These accounts allow businesses to enable their users to hold funds and manage their cash flow. This can be useful for a variety of purposes, such as distributing payroll or managing expense accounts.

Key Facts

  • In just three years, the company has experienced remarkable growth, with thousands of businesses and individuals joining the platform in the last year alone. It has distributed more than 75,000 cards, opened 200,000 accounts, onboarded 6,000 new users, and processed transactions amounting to $30 million in 2023 alone.
Company Co-founders
Kabir Shittu
Aminu Bakori

Sudo Africa
Business Model

The Company major services and product include: Finance, Marketing & SalesLegal, Gift Cards, Debit Cards, Credit Cards, FinTech Enablers

The Company was Founded
The Company was established on
January 1, 2020
HeadQuarters
The Company has its Operational Headquarters at Kaduna, Nigeria
Industry
The Company is contributing to the development of the Industry Financial Services, FinTech
Staff Strength since Inception
The Company prides in her team member of about 1 - 50 active members

Sudo Africa Business Model

The Company major services and product include: Finance, Marketing & SalesLegal, Gift Cards, Debit Cards, Credit Cards, FinTech Enablers

yes
Have they recieved Funding from VCs
yes
Have they recieved Funding from VCs
yes
How many number of Funding rounds?
.7Million
Company Net worth as of 2023

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