Nala aims to raise $120 million in its next funding round to expand its cross-border payment services.

Feb 27, 2025•10 months ago

Amount Raised

$120 Million

San FranciscoFinancial Services

Investors

Acrew CapitalDst GlobalY Combinator IncAccel Partners

Description

Nala, a Tanzania-based cross-border payments startup, is seeking to raise approximately $120 million in its upcoming financing round. The company has previously raised $40 million, which was used for expansion beyond Africa and to develop a payment platform for inter-business transactions on the continent.

Company Information

Company

NALA

Location

San Francisco, California, United States

About

At NALA we decided to prioritise two goals: reducing the cost and increasing reliability for sending money back to Africa. We partner with governments to acquire licences, which in turn, these enable us to build innovative products and services, unlocking faster, safer, and more affordable cross-border payments.

Related People

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Funding Insights

Based on industry data

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