Nala set out to offer remittance services, it’s building a B2B payment platform too
- Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa.
- Nala developed its own platform, Rafiki, to ensure reliability and minimize user charges.
- Nala plans to venture into payments processing for businesses to solve reliability problems at scale.
Nala's development of its own payment platform, Rafiki, shows a commitment to ensuring reliability and minimizing user charges. The company's revenue growth and plans for expansion indicate a positive trajectory. With Africa's large unbanked population and increasing shift towards digital payments, there is significant potential for fintech innovation in the region.
