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Nala
AddedMar 22, 2024
UpdatedJun 18, 2026
Nala

Nala

Revolutionizing cross-border payments and payment rails in Africa.

HQ
Nairobi, Nairobi County, KE
Founded
2017
Accelerator
Y Combinator logoY CombinatorW19
Overview
Compare
Fundraising
Employees
Website

Founded with a mission to economically empower the next billion, Nala is revolutionizing cross-border payments and payment rails in Africa. The company offers two primary products: a consumer-focused cross-border payment service to Africa and a robust payment infrastructure through Rafiki API. Nala aims to streamline financial transactions, making it easier and more efficient for individuals and businesses to send money across borders, thereby addressing a critical need in the African market.

Notable figures affiliated with Nala include its visionary founders and a team of dedicated professionals committed to financial innovation. The company has garnered attention from significant investors and media outlets, including features on CNN. Key achievements include rapid transaction times, with a high percentage of transfers completed within minutes, showcasing their technological prowess. Overall, Nala's impact lies in its ability to enhance financial accessibility and inclusion for millions of Africans, driving economic growth and stability across the continent.

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Nala - Quick Facts

Who are Nala's competitors?

Companies similar to Nala include Klasha, Flutterwave, Palla and Partna.

When was Nala founded?

Nala was founded in 2017.

Where is Nala's headquarters located?

Nala's headquarters is located in Nairobi, Nairobi County, KE.

When was Nala's last funding round?

Nala's most recent funding round was for $10M (USD) in January 2022.

How much has Nala raised to-date?

As of Jan 27, 2022, Nala has raised a total of $10.2M (USD).

How many employees does Nala have?

Nala has 94 employees as of Apr 10, 2024.

Nala - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Africa
Model
  • Platform
Revenue
  • Software
  • Transactional
Customer
  • Consumers
  • Small Business
Main Product
  • Cross-Border Payments
  • Payment Rails
Tags
  • API
  • SaaS
NAICS
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services
Show 4 more industry codes
SIC
  • 6000Depository Institutions
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice