Kuda, the Lagos and London based fintech building a pan-African digital challenger bank, has announced the successful closing of a $10 million fundraise.

The seed round, which is the largest ever African fintech seed raise, was led by Target Global, one of Europe’s leading venture capital firms – with participation from Entrée Capital and SBI Investment.

Other fintech founders and angel investors participated in the round, including Raffael Johnen (founder of Auxmoney), Joh...