NALA raises $10M

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NALA Social Media Accounts:

<aside> 🚀 Who are we?

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NALA is a money transfer app that enables you to make secure and reliable payments from the UK, USA, and EU to Africa (Kenya🇰🇪, Uganda🇺🇬, Tanzania🇹🇿, Ghana🇬🇭, Rwanda 🇷🇼, Nigeria🇨🇮, Senegal🇸🇳, Côte d'Ivoire 🇨🇮, and Cameroon 🇨🇲) in seconds.

https://www.youtube.com/watch?v=xyQoRDqFFoc

We are on a mission to increase economic opportunity on the African continent and for its diaspora around the world. By creating community-powered financial solutions, we make it easier to make day-to-day payments and do business in an increasingly global Africa. #BuildOurAfrica

About NALA:

We are building Revolut for Africa. Over 80% of the money sent to Africa is done offline or in physical cash. The remaining 20% is done via digital channels but is subject to multiple layers of fees and paperwork. At NALA we are using the latest technology and working with local communities to make payments as hassle-free as possible. Our easy-to-use app allows anyone to quickly send money from the UK, US, or EU to Kenya, Uganda, Tanzania, Ghana and Rwanda (with many other African countries and currencies coming soon!) at the lowest rates available.

Payments in Africa are 1% built. We aspire to bring 21st-century payment technology to Africa to create a low-cost and highly reliable set of payment rails that friends, family, and businesses can use. When payments are simple, reliable, and available at the touch of a button, anything is possible.

We are proud to be an African Fintech Startup with a global team serving an international audience. By building payment channels and infrastructure, we enable lightning-fast payments to every corner of the African continent. World-class engineers build our tech from around the world and we are proud to serve all communities, from bustling cities to peaceful villages. We are privileged to partner with these local communities on this journey together.

We are supported by the world’s most prestigious accelerators and VCs. We are backed by Y-Combinator (early backers of Airbnb, DropBox, GitLab, etc), Accel (GoCardless, Monzo, etc), and a long list of high profile Angel Investors who were personally involved with building Monzo, Revolut, Robinhood, (Transfer)Wise, ComplyAdvantage, Luno, Simple, and many more!

More about the NALA app:

About NALA Document