Provider Insights
Today's Nala Rates for Sending 100 Units in Base Currency
Customer Ratings Overview
Apple AppStore:
4.7 / 5
Google Play Store:
4.6 / 5Trustpilot:
3.8 / 5
Nala in Numbers
Established:
2017
Active Competitive Corridors (on Sendrater, 5+ Providers):
23
Leading Corridors
(where in Top 3):
14
Customer Ratings:
Nala enjoys strong customer satisfaction with average ratings above 4 stars.
About Nala
Parent Company:
NALA Payments Ltd.
Geographical Focus:
US, UK, and Europe to East and West Africa
Licenses:
Nala Payments LLC. NMLS# 2530895 (USA)
NALA Payments Ltd (Firm Reference Number: [12792210] (UK)
Note: If you're in the UK or EU, your account and payment services come from Mouldr FS Limited. Nala Payments Ltd works as an officially registered agent under Mouldr FS Limited. Mouldr is a UK-registered company (number 09897919) with ICO registration ZA183098 and is approved by the Financial Conduct Authority (Firm Reference Number: 900573). You can confirm this on the Financial Services Register. For services in the Netherlands, Modulr Finance B.V. is licensed by De Nederlandsche Bank (Relatienummer R182870).
Last Fundraising Round:
Nala raised $40 million in a Series A funding round to expand its consumer business beyond Africa and to build its B2B payment platform for Africa. This is in addition to the $10 million Seed raised in 2022.
Investors:
NALA has received financial backing from renowned accelerators and venture capital firms such as Y Combinator, Accel, Acrew Capital, DST Global Partners, Norrsken22, HOF Capital, Amplo, NYCA Partners, there are also a number of angel investors, including fintech founders Ryan King of Chime and Vlad Tenev of Robinhood made investments too.