Africa Remittance Startup Nala Raises $40 Million In Series A for Global Expansion
- Nala has raised $40 million in Series A funding for global expansion and improving payments to Africa.
- The funding round was led by Acrew Capital and supported by notable fintech founders.
- Nala's consumer money transfer app enables secure payments to 11 African countries, and the company is building a B2B platform for fast payments globally.
The funding raised by Nala will greatly support its plans for expansion and improvement in payments to Africa. With the increase in revenue and customer base, Nala has proven its potential for growth. The development of its own payment rails and B2B platform shows a commitment to innovation and building a robust payments ecosystem.
