Tanzanian fintech Nala raised $40M in a Series A led by Acrew Capital and DST Global to accelerate its global expansion and enhance payment systems across Africa.
Amount Raised
$40 Million
Round Type
Series A
Investors
Description
Nala has secured $40 million in Series A funding to strengthen its payment systems and expand globally. The funding will help establish its own payment infrastructure and improve reliability across its services.
Quick answer
Nala raised $40 Million in a Series A round, dated October 12, 2024. Investors: Amplo, Acrew Capital and DST Global.
- How much did Nala raise?
- Nala raised $40 Million in a Series A round on October 12, 2024.
- Who invested in Nala?
- Amplo, Acrew Capital and DST Global are named as investors in this round.
- What does Nala do?
- A new kind of mobile money transfer for Africans worldwide!
- Where is Nala based and how big is it?
- Fundz records about 260 employees.
- Who are the decision-makers at Nala?
- Fundz holds 2 contacts at Nala, including the Founder & Chief Eating Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Software around the same time
Companies in the same sectors as Nala that raised within 45 days of this round, from Fundz verified event records.
- Capitolis raised $20M on November 25, 2024.
- OneCard raised $8.4M (Series D) on November 25, 2024.
- CellPoint Digital raised $30M (Funding Round) on November 21, 2024.
- Credflow raised $3.7M (Seed) on November 21, 2024.
- NovoPayment raised $20M (Private Equity) on November 18, 2024.
- QPLIX raised $26M (Funding Round) on November 18, 2024.
Who to call at Nala, and when
A new round usually means Nala is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Nala raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Nala, from your own LinkedIn network
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Related People
Funding Insights
What this usually meansNala raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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