NALA
NALA is a fintech company specializing in banking and exchange services, offering robust solutions for money transfers, particularly to nine African countries. Based in New York, London, and Nairobi, NALA provides a range of services including real-time transfer updates, competitive rates, and multilingual support.
NALA Services
NALA provides a range of financial services centered on money transfers. It offers both a mobile app and a web-based portal for users to send money to nine African countries via bank transfer, mobile money, Google Pay, and Apple Pay. The company ensures real-time updates on money transfers, and users can compare the latest rates against other providers within the app. Additionally, NALA facilitates bill payments and buying goods directly in Kenya. The platform supports multi-country business accounts, offers competitive foreign exchange rates, and provides same-day or next-day settlement for transactions.
NALA History
NALA is a fintech company that was part of Y Combinator's W19 batch. It has rapidly expanded with a team of 94 employees distributed across 18 countries. The company operates out of New York, NY, USA; London, England, United Kingdom; and Nairobi, Nairobi County, Kenya. NALA's innovative approach to cross-border payments has garnered attention from major media outlets including CNN and TechCrunch. Funded by prominent accelerators and venture capitalists like Y Combinator and Accel, NALA has also been backed by angel investors from companies such as Monzo, Robinhood, and Luno.
NALA Locations
NALA operates from three key global hubs: New York, NY, USA; London, England, United Kingdom; and Nairobi, Nairobi County, Kenya. The company also has a remote-first team, which spans 18 countries, enabling a diverse and multilingual workforce that speaks over 20 languages.
NALA Product Features
NALA's product offerings include a mobile app and web-based portal designed for seamless money transfers. Users benefit from real-time transaction updates and can access competitive foreign exchange rates. The platform provides in-app support available 24/7 from a team of multilingual experts. For businesses, NALA offers high transaction limits, multi-user access, and plans to introduce bulk payments, payment links, and multi-currency wallets in the future. Additionally, NALA is working on integrating with accountancy and ERP systems, as well as aiming to introduce USD transfers.
NALA Funding and Partnerships
NALA is supported by prestigious accelerators and venture capitalists, including Y Combinator and Accel. The company also has backing from angel investors with ties to major fintech companies such as Monzo, Robinhood, and Luno. These partnerships have enabled NALA to expand its services and improve its platform continuously. The company's innovative approach has also led to features in prominent media outlets like CNN and TechCrunch.