Tanzanian fintech Nala enters UK market with money transfer app


Nala, the Tanzanian fintech that creates a hassle-free payment solution where users can send money to anyone on any device. You only have to download it once before you start trading.

Nala plans to roll out its beta app targeting UK customers returning funds to Uganda and Kenya in February 2021. This payment option will also be available to Tanzanian customers.

Benjamin Fernandes is the co-founder and CEO of Nala. Nala has already won the Seedstars Tanzania and the Ecobank Fintech Challenge.

This mobile money application has grown to welcome more than 250,000 customers in less than a year, becoming the best financial application in East Africa. Nala is backed by Y combinator and US venture capital firm Accel. From a report of Techcrunch in March, Nala had over 100,000 users as of March 2019.

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