nala
Luno launches investment arm to back over 200 fintech and crypto/web3 startups yearly
Luno, a subsidiary of Digital Currency Group (DCG), today announced that it is launching Luno Expeditions, an early-stage investment arm to back fintech and crypto/web3 startups globally. The fund wi
Tanzanian fintech NALA raises $10M seed to build Revolut for Africa
NALA, a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. The seed round is
Accel-backed mobile money platform NALA to start offering remittance services to East Africa
According to a McKinsey report, the total number of mobile money services worldwide was 282 in 2017, with more than half of those operating in sub-Saharan Africa. In 2020, these numbers increased si
Seven Africa-focused startups present at Y Combinator’s Demo Day
The seven Africa-focused companies that presented as part of Y Combinator’s Winter 2019 class of 200 startups may seem like a small percentage for such a large class, but it represents the growi
Nala has built a hassle-free, offline mobile money payment platform for Africa
Benjamin Fernandes, the Tanzanian co-founder chief executive of Nala, spent hundreds of hours talking to local Tanzanians about their frustrations with mobile money payment services before he launched