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Nala set out to offer remittance services, it’s building a B2B payment platform too
Payments company Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa, and demand for reliable and affordable services. Nala founder Benjamin Fernandes said they intended to build their products on this premise right from the outset. Over the last two years, the Tanzanian fintech, through its consumer fintech…
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 will leverage…
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…
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…
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…
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 his new…
