NALA
About NALA
NALA is a Payments startup based in Dar es Salaam, Tanzania that has raised $50M in venture capital across 2 funding rounds since 2017. The company reached Series A stage in January 2022 with a $10M round led by Amplo. NALA's investor base includes 7 institutional funds, with Acrew Capital leading the most recent equity round.
NALA is an African cross-border payments company that began as a consumer remittance app serving the African diaspora and has since built Rafiki, an enterprise B2B payments infrastructure platform. Rafiki connects businesses to payment corridors across Africa, Europe, and the US, covering 249+ banks and 26 mobile money services across 16 countries. NALA is now building stablecoin-powered payment rails to lower the cost and increase the speed of cross-border transactions.
NALA Funding Rounds Timeline
2 rounds · $50M raised · since 2017
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | January 2022 | $10M | — | Amplo | Accel, Bessemer Venture Partners |
| Series A | July 2024 | $40M | — | Acrew Capital | DST Global, Norrsken22, HOF Capital, Amplo |
Investors in NALA
7 institutional investors across 2 rounds
Lead investors
Co-investors
Recent news about NALA
Questions about NALA
How much has NALA raised?
NALA has raised $50M across 2 funding rounds since 2017.
Who are the investors of NALA?
NALA's investors include Acrew Capital, Amplo, Accel, Bessemer Venture Partners, DST Global, Norrsken22, HOF Capital.
When was NALA's last funding round?
NALA's most recent round was a $10M Seed in January 2022, led by Amplo.
Where is NALA headquartered?
NALA is headquartered in Dar es Salaam, Tanzania, and was founded in 2017 by Benjamin Fernandes.