Tanzanian Fintech Nala Raises $40M in Series A to Accelerate Growth and Expansion
Nala secured $40 million in Series A funding. The funding will be used for global expansion and strengthening payment systems in Africa.
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.
