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Browsing: Africa’s payment landscape
- NALA raises 40 million dollars to fuel international expansion and launch its own payment rails for Africa and beyond.
- The US fintech building global payments for emerging markets.
- $40million Series A for NALA, the fintech that took Africa’s payment problems personally.
NALA raises 40 million dollars to build cross-border payments for emerging markets. NALA, one of Africa’s largest fintech companies, has announced the Series funding to support its global expansion and enhance the reliability of payments to Africa by developing its own payment rails.
The past 12 months have been transformative for NALA. The company achieved a 10x increase in revenue, reached profitability, and had positive cash flow.
In the past 20 months, NALA saw a 34x increase in transaction volume. The NALA team has grown from just 7 members to a robust team of over 100. Finally, today, NALA proudly serves 500,000 customers.
The $40 million funding round …