NALA
A new kind of money transfer for Africans worldwide.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | $40.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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NALA is a Tanzanian fintech company that provides a mobile application for international money transfers and bill payments to Africa. The company's primary service is a mobile money transfer app that allows users to send money from the UK, US, and EU to a number of African countries, including Tanzania, Kenya, Uganda, Nigeria, Ghana, and Rwanda.
The app is designed to be a more affordable and transparent alternative to traditional remittance services, with no hidden fees and competitive exchange rates. In addition to money transfers, the NALA app also allows users to pay bills in their home countries, such as for utilities, school fees, and medical expenses.
NALA is targeting the African diaspora in the UK, US, and EU, which is a large and growing market. The company has raised over $10 million in funding from investors, including Accel, Amplo, and Bessemer Venture Partners. NALA's mission is to increase economic opportunity for Africans by making it easier and more affordable to send and receive money.
Keywords: remittances, payments, fintech, Africa, mobile money, cross-border, financial services, diaspora, money transfer, bill pay