UK-based fintech Nala has raised $40 million in a Series A funding round led by Acrew Capital, with contributions from Amplo, NYCA Partners, DST Global, HOF Capital, and Norrsken22.
The funds will be used to extend Nala's remittance services beyond Africa, targeting global migrant communities and launching in Asia. Additionally, Nala will enhance its B2B payments platform, Rafiki, designed to improve Africa's payment infrastructure. The company, founded in 2017, has shifted focus to international remittances, achieving significant growth and profitability.
