NALA

We’re on a mission to increase economic opportunities for Africans across the globe, and we’re keen to hear from capable, ambitious, and creative people who want to help bring this vision to fruition. 🚀

Our first product was a mobile money service in East Africa, which gained over 2,000 customers. Now we’ve set our sights on building a bank for the African diaspora across the globe and our initial focus is on remittances. We’re currently launching an international money transfer service for African living overseas, who send money home to their loved ones.

We’re backed by: Balderton Capital, Y- Combinator, Accel Partners, and several incredible fintech angel investors including the founders of Monzo, Comply Advantage, Luno, and Simple.

Find us on TechCrunch

What we are currently building 🚀

We want to build a bank for the African diaspora globally, initially by starting with a cross-border money transfer service. We believe this is critical to solve to channel economic value back to the African continent. We believe using remittances is one of the best forms of true economic development and we would like to use it as an entry point before building new layers of financial services for the African diaspora.

At a starting point we are excited about:

• Building Remittances 2.0 - we know remittance fees are a race to the bottom and believe the current model has some things that need to be changed.
• Enabling credit - for senders sending money back to Africa so they don’t have to wait till they get their paycheck at the end of the month.
• Building infrastructure - enabling payments infrastructure locally in Africa.
• Building a community of African diaspora helping us build an incredible product together.