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NALA

Sector: Financial Services
Country: Tanzania
Founders: Benjamin Fernandes
Funding: $210,000
Founded: 2017
Investors: Y Combinator, DFS Lab, Ecobank Fintech Challenge

Details

NALA is a simplified mobile money application that allows you to make faster, smarter and safer transactions without an internet connection. The startup is a unified platform to carry out financial transactions securely and easily. It is working to make financial inclusion a reality for Africans everywhere, starting in Tanzania; smarter, faster, and offline. Last year, it won Seedstars Dar es Salaam and was also selected by the prestigious US seed accelerator Y Combinator to take part in its 2019 batch.