NALA

NALA's Services

NALA offers a comprehensive suite of services focused on providing seamless money transfers. The company supports sending money to nine African countries via bank transfers, mobile money, Google Pay, and Apple Pay. Users can also pay bills or purchase goods directly in Kenya through the platform. NALA provides real-time updates on money transfers, allowing users to track their transactions every step of the way. The platform also offers in-app support 24/7 from a multilingual, expert team. Additionally, NALA features a comparison of the latest rates against other providers, ensuring competitive foreign exchange rates for its users.

NALA's Technology and Features

NALA leverages advanced technology to offer a mobile app and a web-based portal for money transfers. The platform is designed for both individual and business users, featuring high transaction limits and multi-user access for business accounts. NALA plans to introduce multi-currency wallets, bulk payments, and payment links to further enhance its offerings. The company is also working on integrating with accountancy and ERP systems and aims to introduce USD transfers in the future. With a focus on speed and efficiency, NALA provides same-day or next-day settlement for transactions.

NALA's Team and Culture

NALA's remote-first team is spread across 18 countries and speaks over 20 languages, embodying a truly global workforce. The team comprises 94 employees with diverse backgrounds, including experience from industry giants like Google and Citi. This wealth of expertise helps drive innovation and excellence in NALA's services. The company culture prioritizes flexibility and inclusivity, allowing team members to work remotely from various locations. This diverse and skilled team is a critical asset in NALA's mission to revolutionize cross-border payments and banking services.

NALA's Funding and Investors

NALA has garnered significant attention and support from prestigious accelerators and venture capitalists, including Y Combinator (W19 batch) and Accel. The company is also backed by angel investors involved with Monzo, Robinhood, and Luno. This strong financial backing enables NALA to innovate continuously and expand its services. The company's funding has facilitated the development of new features and the expansion of its global footprint, ensuring that NALA remains at the forefront of the fintech industry.

NALA's Market Presence

NALA operates in key financial hubs, with locations in New York, NY, USA; London, England, United Kingdom; and Nairobi, Nairobi County, Kenya. The company serves a wide range of regions, including the United States, United Kingdom, Kenya, America/Canada, Europe, and Africa. NALA's services cater to both the consumer and business markets, providing cross-border payments to Africa and offering Payment Rails for Africa through the Rafiki API. The company's innovative approach and robust service offerings have earned it features in prominent media outlets like CNN and TechCrunch.