nala

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

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