NALA Payments
Latest round
- Series A
Last raised
- Jul 2024
Total raised
- $50M
Investors
- 14
About NALA Payments
NALA Payments Ltd specializes in financial technology, focusing on international remittances. Founded in 2017 in London, UK, the firm has successfully completed five deals to date.NALA is a financial technology company specializing in international money transfers, with a focus on offering a user-friendly mobile application for individuals and businesses. Users can send money quickly, securely, and affordably to various countries in Africa and Asia, including Tanzania, Kenya, Uganda, and Ghana. The app facilitates real-time payments, catering to personal use cases such as supporting family members and business cross-border transactions.NALA generates revenue through transaction fees associated with its money transfer services, promoting affordability and transparency. Customers can send up to USD 5,000 per day, with fees structured to cover operational costs, including a small margin on exchange rates. The target market comprises individual consumers and businesses seeking efficient cross-border payment solutions. The company is also planning to launch new products aimed at improving user experience and transaction efficiency, while targeting expansion into additional markets within Asia and Europe by mid-2025.
Who invested in NALA Payments
14 investors across 3 rounds
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Questions about NALA Payments
Who invested in NALA Payments?
NALA Payments has 14 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has NALA Payments raised?
NALA Payments has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did NALA Payments last raise money?
NALA Payments's most recent round on record is a Series A, in Jul 2024.
What does NALA Payments do?
NALA Payments Ltd specializes in financial technology, focusing on international remittances.
Where is NALA Payments headquartered?
NALA Payments is headquartered in London, UK.
Which VCs invest in companies like NALA Payments?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at NALA Payments's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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