Kuda Technologies, a full-service, digital-only bank, has announced a $25 million series A funding round led by New York-based venture capital firm Valar Ventures. The investment into Kuda is Valar Ventures’ first foray into Africa, having already backed other well known financial technology firms around the world. The fund, which was founded by Peter Thiel, has previously invested in Germany’s N26, the UK’s Wise and Mexico’s Albo.

The round also includes participation from exi...