NALA Incorporation Company
Latest round
- Seed
Last raised
- Mar 2019
Total raised
- $0.1M
Investors
- 5
About NALA Incorporation Company
Founded in 2017 in Dar es Salaam, Tanzania, NALA Incorporation Company Limited operates in the fintech space, focusing on mobile money transfers. NALA has completed a total of 2 deals to date, all aimed at enhancing its operational capabilities and market reach.NALA is a fintech company that specializes in international money transfers, offering a user-friendly mobile application designed to facilitate seamless cross-border transactions. The core product enables customers to send money quickly and securely to various countries, primarily targeting users from the UK, US, and EU who wish to transfer funds to recipients in Africa and Asia, including countries such as Ghana, Kenya, Uganda, and Tanzania. The app supports real-time payments, allowing users to split bills, pay for gifts, or manage shared expenses, and is available in multiple languages, including English, Swahili, and French. NALA has developed strong partnerships with global banking institutions and holds various payment licenses, ensuring compliance and security for its users' transactions.NALA generates revenue through transaction fees associated with international money transfers, which are structured to cover operational costs while remaining competitive in the marketplace. The company allows users to send up to USD 5,000 per day, with transfers facilitated primarily through its mobile application. Customers benefit from no hidden charges and favorable exchange rates, which contribute to user retention and transaction volume. The revenue model includes individual consumer transactions as well as potential business partnerships, creating avenues for both direct-to-consumer sales and B2B collaborations. The company is currently designing new features within its application to improve user experience and efficiency, with plans to launch these enhancements in the coming year. NALA is targeting expansion into additional markets across Africa and Asia, which are expected to be rolled out within the next 12-18 months.
Who invested in NALA Incorporation Company
5 investors across 1 round
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Funding rounds
Seed
Mar 18, 2019
Amount
$0.1M
Investors
Questions about NALA Incorporation Company
Who invested in NALA Incorporation Company?
NALA Incorporation Company has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has NALA Incorporation Company raised?
NALA Incorporation Company has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did NALA Incorporation Company last raise money?
NALA Incorporation Company's most recent round on record is a Seed, in Mar 2019.
What does NALA Incorporation Company do?
Founded in 2017 in Dar es Salaam, Tanzania, NALA Incorporation Company Limited operates in the fintech space, focusing on mobile money transfers.
Where is NALA Incorporation Company headquartered?
NALA Incorporation Company is headquartered in Dar es Salaam, Tanzania.
Which VCs invest in companies like NALA Incorporation Company?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at NALA Incorporation Company's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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