NALA

NALA

Financial Services

Building Payments for the Next Billion. #TheNextBillion

About us

Building Payments for the Next Billion. Y-Combinator (W'19)

Website
http://www.nala.com
Industry
Financial Services
Company size
51-200 employees
Headquarters
San Francisco
Type
Privately Held
Founded
2017
Specialties
Financial Inclusion, Digital Financial Services, Mobile Money, and Fintech

Locations

Employees at NALA

Updates

  • View organization page for NALA, graphic

    26,030 followers

    We are thrilled to share that NALA has raised $40M in our Series A fundraise! 📢 A huge thank you to our customers, team and supportive partners 🚀 Read more here: https://lnkd.in/dgf-TAav #TheNextBillion #1PercentBuilt

    View profile for Benjamin Fernandes, graphic

    Founder & CEO - NALA | Y-Combinator '19 | Stanford MBA | Harvard Kennedy School of Government

    Today, I'm excited to announce we have raised $40m Series A It's been an incredible journey so far, we are just getting started, give us a couple of years, we've got some big plans. Techcrunch: https://lnkd.in/dkE2WvvM I'm super proud of our team: 34x growth in 20 months, 10x revenue growth in the past 10 months and profitable. I'm grateful for Nicolas Esteves and Nicolai Eddy who I have had the privilege of building NALA with the past 4 years, they have put their life into building this company with me with countless late nights, weekends constantly trying to execute on our bold mission to build payments for the next billion! NALA x RAFIKI #1PercentBuilt.

  • NALA reposted this

    View profile for Lamine Badji, graphic

    Customer service specialist

    Cette semaine, j'ai eu l'immense honneur d'être invité en Tanzanie par le CEO de ma boîte, NALA, Mr Fernandez afin de représenter mon pays le Sénégal dans le cadre du Payments for #TheNextBillion. En ces temps de mobilité financière, notre premier souci est de permettre à la diaspora de faire des transferts rapides, sûrs et fiables vers leurs proches. Je compte sur vous pour télécharger notre appli, qui pour rappel est la seule Fintech purement africaine et le meilleur sur le marché des transferts internationaux. Etant disponible sur le service client, je serais ravi de vous assister en cas de besoin. Vous pourrez télécharger et essayer notre appli sur le lien suivant; le lien pour androide est disponible à la demande sur Google. #CampNALA24 IOS: https://lnkd.in/eDF-438T

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  • View organization page for NALA, graphic

    26,030 followers

    Last week, we received our IMTO licence from the Bank of Uganda 🎊 🇺🇬 The IMTO license will enable us to integrate directly with mobile money services and enable users to conveniently pay into local mobile wallets, empowering us to deliver more efficient and secure cross-border payments to individuals and businesses. "From what we see at NALA through our Rafiki API and the data from the Bank of Uganda, a lot of remittances go towards basic needs like education, medical care, and other household expenses. While the process of remitting money has improved, there's still more to do to make sure these remittances keep supporting people's lives effectively. We've worked closely with the Bank of Uganda to meet all the requirements, which will help us make remittances more accessible for everyone. Plus, with this license, we will boost the supply of foreign exchange in Uganda, which is critical for economic growth.” NALA COO, Nicolai Eddy. This new licence aligns with our commitment to fostering financial inclusion and supporting both the country and the region's economic growth. 🌍 Combined with our recent $40 million Series A funding, this represents a big step forward for us as NALA. Through our new API RAFIKI, sending and receiving money will now be more accessible and more efficient, which is crucial for many families in Uganda. 🇺🇬 🩵 #1PercentBuilt #TheNextBillion

  • View organization page for NALA, graphic

    26,030 followers

    Please join us for the Nairobi Founders Connect, the Fintech & Crypto Edition by Digital Currency Group (DCG) that will be held on September 4th from 1800hrs 🕣 This event will feature a panel discussion with DCG's Aaron Fu, NALA COO, Nicolai Eddy, Archer's Co-Founder and CEO, Zach Bijesse and Kotani Pay Co-Founder & COO, Samuel Kariuki 🙌 Founders Connect is an opportunity for founders to interact, chat and unwind. It is a laid-back gathering with good company and great conversations, and a chance to hear from people who are really making things happen 💪 Do not miss this opportunity to connect, learn and celebrate the best of Nairobi’s tech scene. Looking forward to seeing you there 🩵 Click here to learn more: https://lu.ma/9ots75vk #NairobiFoundersConnect

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  • View organization page for NALA, graphic

    26,030 followers

    NALA has been granted an IMTO licence from the Bank of Uganda 🎊 🇺🇬 The IMTO license will enable us to integrate directly with mobile money services and enable users to conveniently pay into local mobile wallets, empowering us to deliver more efficient and secure cross-border payments to individuals and businesses. "From what we see at NALA through our Rafiki API and the data from the Bank of Uganda, a lot of remittances go towards basic needs like education, medical care, and other household expenses. While the process of remitting money has improved, there's still more to do to make sure these remittances keep supporting people's lives effectively. We've worked closely with the Bank of Uganda to meet all the requirements, which will help us make remittances more accessible for everyone. Plus, with this license, we will boost the supply of foreign exchange in Uganda, which is critical for economic growth.” NALA COO, Nicolai Eddy. This new licence aligns with our commitment to fostering financial inclusion and supporting both the country and the region's economic growth. 🌍 Combined with our recent $40 million Series A funding, this represents a big step forward for us as NALA. Through our new API RAFIKI, sending and receiving money will now be more accessible and more efficient, which is crucial for many families in Uganda. 🇺🇬 🩵 #1PercentBuilt #TheNextBillion

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  • View organization page for NALA, graphic

    26,030 followers

    Africa is currently home to 1.3 billion individuals, and according to the New York Times, by 2050, this number is expected to double to over 2.5 billion, making it the world’s largest population and workforce. 🌍 This immense potential inspired us to take on the challenge of building a reliable and efficient payment system for this rapidly growing continent. 💪 Read more: https://lnkd.in/dgf-TAav #TheNextBillion #1PercentBuilt

  • View organization page for NALA, graphic

    26,030 followers

    Our Series A funding is a testament to the hard work of our team and the trust our investors have in our vision. It would not have been possible without their hard work and dedication. 🙌 The team’s passion, drive, and love for our community have gotten us to where we are today, and we couldn’t be more proud 💪 Most importantly, it marks a new chapter in our journey to revolutionise payments for the next billion. 🌍 #TheNextBillion #1PercentBuilt

  • View organization page for NALA, graphic

    26,030 followers

    Yesterday was such an incredible day for NALA 🙌 We announced going live with direct integrations of the largest bank in Tanzania, CRDB Bank Plc 🥳 Our Founder and CEO, Benjamin Fernandes, graced the event, and in attendance were notable personalities, among them the Tanzanian Ambassador to the UK, Hon. Mbelwa Kairuki, all joining us to celebrate this huge milestone 🎊 For us as NALA, these interactions enhance our reliability, speed of transfers, treasury, and float management. For you, our customer, this offers next-level convenience when sending money back home to Tanzania 🇹🇿 Payments in Africa are #1PercentBuilt and building this work will help our customers on both RAFIKI and NALA access more reliable payments 💪 #BuildOurAfrica

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Funding

NALA 5 total rounds

Last Round

Series A

US$ 40.0M

See more info on crunchbase