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NALA raises $10m in Seed funding

Tanzania based cross-border payments startup raised $10m in Seed funding from investors including Amplo, Accel, Bessemer Venture Partners and DFS Labs.

“Our core customer base is the diaspora right now who live in the U.K. This is the customer we’re currently serving today as we speak,” founder and CEO Benjamin Fernandes told TechCrunch in an interview. “We also got our license approvals to go live in the U.S. and the E.U., which will be going live in a month and a half in at least one other E.U. country, probably France.”

Tags

payments, africa, emerging markets