NALA
Building Payments for the Next Billion. Y-Combinator (W'19)
TL;DR
Headquarters / origin: Founded in Tanzania (2017)
Product focus: Remittance app for diaspora (EU, UK, US) and B2B payments platform (Rafiki)
Funding: $50M+ total funding; $40M Series A (Jul 2024), $10M seed (Jan 2022)
Scale signals: YC W19 alum; ~235 employees (reported)
Leadership: Founder & CEO: Benjamin Fernandes
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Company Overview
Problem Domain
Cross-border remittances and B2B payment infrastructure for African markets
Founded
2017
Industry
Financial Services
Funding Track Record
10,000,000
40,000,000
Participants reported to include DST Global Partners, Norrsken22, HOF Capital, Amplo, NYCA Partners and angels
Investor Signal
“Backed by venture firms including Acrew Capital, DST Global Partners, Norrsken22, HOF Capital, Amplo and NYCA Partners; angel participation reported”