Nala aims to raise $120 million in its next funding round to expand its cross-border payment services.
Nala aims to raise $120 million in its next funding round to expand its cross-border payment services.
02/27/25, 9:39 AM
Location
san franciscoMoney raised
$120 million
Industry
financial services
Investors
Acrew Capital, Dst Global, Y Combinator Inc, Accel Partners
Nala, a Tanzania-based cross-border payments startup, is seeking to raise approximately $120 million in its upcoming financing round. The company has previously raised $40 million, which was used for expansion beyond Africa and to develop a payment platform for inter-business transactions on the continent.
Company Info
Location
san francisco, california, united states
Additional Info
At NALA we decided to prioritise two goals: reducing the cost and increasing reliability for sending money back to Africa.
We partner with governments to acquire licences, which in turn, these enable us to build innovative products and services, unlocking faster, safer, and more affordable cross-border payments.