A venture capital firm that led Nala's Series A funding round, focusing on innovative startups.
Tanzania Enforces Ban on Foreign-Owned Fintechs in Mobile Money Sector
The Tanzanian government issued a directive banning foreign-owned fintechs from the mobile money sector. Government Notice №487A outlines a ban on non-citizens engaging in 15 specific business activities, including mobile money transfers.
Tanzanian Fintech Nala Raises $40M in Series A to Accelerate Growth and Expansion
Nala secured $40 million in Series A funding. The funding will be used for global expansion and strengthening payment systems in Africa.
Fintech Startup Nala Raises USD 40 M Series A Round
Nala raises USD 40 million in a Series A round led by Acrew Capital. The funding will support Nala's global growth plans and expansion into Asian and Latin American markets.
Nala to use $40M Series A to build B2B payments platform, scale remittance services
Nala raises $40 million in a Series A funding round led by Acrew Capital. The funding will support Nala's global growth plans, including expanding its remittance business to serve Asian and Latin American markets.
