Fintech in Africa Gains Global Recognition: Nala, Carry1st, and Tala Featured in Forbes Fintech 50
Tala has empowered millions in Kenya with its consumer credit app, leading to its expansion into India and the Philippines. Nala has raised $50 million in funding and is facilitating cross-border payments from the U.S. and Europe to Africa.
Tuma Ventures enters Tanzania with new PSP licence approval
Tuma Ventures granted PSP licence by the Bank of Tanzania. Expansion of financial services in Tanzania including real-time payment processing.
African Remittance Startups Surge as Inflows Hit Record $56B in 2024
LemFi secured $53 million in funding and surpassed $1 billion in monthly transactions. Nala expanded operations to the Philippines and Pakistan, securing $40 million in funding.
PalmPay eyes remittances as it mulls Asia Expansion
PalmPay is considering venturing into the remittance market as part of its expansion plans into Asia. The company aims to target the Middle East and Southeast Asia by 2025.
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.
