About NALA
NALA is a Financial Services company based in Nairobi (Kenya) founded in 2017 by Benjamin Fernandes. It operates as a cross-border remittances are enabled online for individuals worldwide. It operates on a FinTech and Commission-Based model. NALA has raised $50.15 million across 5 funding rounds from investors including Bessemer Venture Partners, Accel and Amplo. Its chief executive is Benjamin Fernandes. Its website nala.com draws about 68 thousand monthly visits. NALA offers products and services including International Money Transfer and Rafiki API. Its focus areas include FinTech and Money Transfer. Its legal entity is NALA Payments Ltd. Its competitors include Remitly, Paytm, Venmo, Euronet Worldwide and MoneyGram and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
NALA is engaged in providing fast and affordable international money transfer services. Operations are focused on seamless cross-border payments from regions like the US, UK, and EU to Africa, Asia, and beyond. Solutions are built to serve over 500,000 customers with secure transactions and real-time updates. The company is supported by global payment licenses and regulated banking partnerships to ensure safety and reliability. Services are tailored for personal and business needs, addressing significant life events through high transaction limits.
- Total Equity Funding$50.15M (USD)
in 5 rounds
- Latest Funding Round$25M (USD), Debt – Conventional
May 2026
- InvestorsBessemer Venture Partners
& 17 more
Products & Services of NALA
NALA offers a comprehensive portfolio of products and services, including International Money Transfer and Rafiki API.
International money transfers are facilitated quickly and affordably.
API integration is provided for business payment solutions.
Apps and channels of NALA
NALA publishes 2 mobile apps with over 500K+ downloads; its YouTube channel NALA has 2.85K subscribers and 30 videos.
Videos from NALA
The most watched videos on NALA's YouTube channel, NALA (2.85K subscribers). Click a video to play it here.
More on NALA.
Funding Insights of NALA
NALA has successfully raised a total of $50.15M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $25 million completed in May 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $50.15M
- Total Rounds 5
- Last Round Debt – Conventional — $25M
- First Round $150,000
(Jun 2019)
- Investors Count 18
All 5 funding rounds of NALA with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2026 | $25M | Debt – Conventional | – | – | |
| Jul 2024 | $40M | Series A | – | Acrew Capital | |
| Jan 2022 | $10M | Seed | – | Amplo | |
| Jun 2019 | – | Seed | – | Accel | – |
| Jun 2019 | $150,000 | Seed | – | Y Combinator | – |
18 investors in total: 11 institutional and 7 angel.
Investors in NALA
NALA has secured backing from 18 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Accel and Amplo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are funded by Acrew Capital venture firm. | – | acrewcapital.com | Palo Alto, United States | |
Venture capital investment firm | – | dst-global.com | Menlo Park, United States | |
Norrsken22 is focused on funding African tech entrepreneurs. | 2021 | norrsken22.com | Johannesburg, South Africa | |
HOF Capital is engaged in venture capital investments. | – | hofcapital.com | New York, United States | |
African software startups are funded by Amplo venture capital firm. | 2017 | amplovc.com | Spring, United States | |
Tech focused early stage VC firm investing in the US | – | nyca.com | New York, United States | |
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Startup accelerator focused on the Fintech sector | – | dfslab.net | Seattle, United States | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States |
Investor details for NALA
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of NALA
39 people are tracked at NALA (10 in leadership, 29 in team).
| Name | Role | Group |
|---|---|---|
Benjamin Fernandes | Founder & CEO | Leadership |
Peter Gulliver | Chief Financial Officer | Leadership |
Nicolas Esteves | CTO | Leadership |
Dai Renshaw | Head of Data | Leadership |
Nicolai Eddy | COO | Leadership |
Tom Squire | Head Of Sales | Leadership |
Shawn Johnson | Head Of Global Partnerships | Leadership |
Susanna Bae | EA To CEO | Leadership |
Andrei Klevtsov | Head Of Finance | Leadership |
Petros Kyrkilis | Head Of Information Security | Leadership |
Haseeb Majid | Senior Software Engineer | Team |
Mahmoud Abdurrahman | Mobile Engineer | Team |
Vlad Bukhanevych | Software Engineer | Team |
George Arscott | Senior Backend Engineer | Team |
Michael Masaki | Core Operations Team Lead | Team |
Laana Popat | Product Designer | Team |
Edoardo Foco | Engineering Manager | Team |
Parth Patel | Lead Data Scientist | Team |
Bertie Meyer | Strategy & Operations Manager | Team |
Chris Petropoulos | Engineering Manager | Team |
19 more people are available in the full profile.
Complete people profiles for NALA
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of NALA
3 dated milestones of NALA across 9 years, from founding to its latest funding, stage changes and deals.
- Founded NALA is founded.
- Funding First funding round of $150K.
- Funding Latest funding round, Debt – Conventional, of $25.0M.
Competitors of NALA
NALA has 9 listed competitors in our database, 6 of them funded. They include Remitly, Paytm, Venmo, Euronet Worldwide and MoneyGram, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| remitly.com | 2011 | Seattle, United States | $435.93M | 2,700 | Cross-border money transfers are facilitated via banking networks. | |
| paytm.com | 2000 | Noida, India | $2.81B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. | |
| venmo.com | 2009 | New York, United States | $1.2M | 10,793 | Consumer payments are enabled via a mobile digital wallet app. | |
| euronetworldwide.com | 1994 | Leawood, United States | – | 10,000 | Electronic payments and transaction processing solutions are offered globally. | |
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| verse.me | 2015 | Barcelona, Spain | $68.25M | – | Digital wallet for consumer and business payments is provided. | |
| xoom.com | 2001 | San Francisco, United States | $106.44M | 42 | Cross-border money transfers are enabled via banking channels. | |
| azimo.com | 2012 | London, United Kingdom | $68.82M | 164 | Cross-border money transfers are enabled via a digital banking channel. | |
| ofx.com | 1998 | Sydney, Australia | – | – | International money transfer service provider. |
Detailed competitors of NALA
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of NALA
The website of NALA (nala.com) receives about 68.3K visits a month and ranks #628,861 among all websites worldwide, #9,972 in Jobs and Employment.
- Monthly visits68.3K
▲ 21.5% vs previous month
- Unique visitors25K
per month
- Global rank#628,861
among all websites
- Category rank#9,972
Jobs and Career · Jobs and Employment
- Bounce rate42%
- Pages per visit1.8
- Average visit38 sec
- DevicesDesktop 26% · Mobile 74%
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as NALA (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Nala
Complete news archive for NALA
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Frequently Asked Questions about NALA
NALA was founded in 2017 and raised its 1st funding round 2 years after it was founded.
NALA is headquartered in Nairobi, Kenya.
Benjamin Fernandes is the current CEO of NALA. They have also founded this company.
NALA is a funded company, having raised a total of $50.15M across 5 funding rounds to date.
NALA is engaged in providing fast and affordable international money transfer services. Operations are focused on seamless cross-border payments from regions like the US, UK, and EU to Africa, Asia, and beyond. Solutions are built to serve over 500,000 customers with secure transactions and real-time updates. The company is supported by global payment licenses and regulated banking partnerships to ensure safety and reliability. Services are tailored for personal and business needs, addressing significant life events through high transaction limits.
NALA offers International Money Transfer and Rafiki API.
NALA has 18 investors. Key investors include Bessemer Venture Partners, Accel, Amplo, Acrew Capital, and DST Global Partners.
NALA operates through Nala Payments Ltd.
Yes. NALA publishes NALA Send Money Globally and 1 more app, with over 500,000 downloads.