NALA
Fast, reliable cross-border payments and stablecoin rails for emerging markets.
What it does
Founded in 2018 by Benjamin Fernandes and Nicolai Eddy, NALA is a global payment fintech connecting the African and Asian diaspora to home markets. Graduating from Y Combinator (W19), NALA operates a consumer remittance app and B2B payout rails (Rafiki), securing $50M in Series A equity and credit facilities to scale stablecoin-powered payment settlement across emerging market corridors.
Cross-Border RemittancesStablecoin Settlement RailsB2B Payment Rails
Known for
- Low-cost diaspora remittance app
- Rafiki B2B payment engine
- Emerging market stablecoin settlement rails
Model & industry
B2CB2BAPIFinancial Services
Funding history
$50.0M
Total raised
2
Rounds
Series A
Latest stage
2024
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2024-07 | Series A | $40.0M | Acrew Capital |
| 2022-01 | Seed | $10.0M | Amplo |
Source: Condia Funding Tracker
Products & subsidiaries
NALA Remittance App · Consumer RemittanceRafiki by NALA · B2B Payment Rail API
In the News
- 2024-07-09 · NALA raises $40M Series A led by Acrew Capital to accelerate global expansion · TechCrunch
- 2026-05-28 · African payments company NALA secures $50M credit facility from Liquidity & Mars Growth Capital to scale stablecoin rails · Tech Funding News