Tanzania fintech Nala enters the UK market with money transfer app


Nala, the Tanzania 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 transacting.

Nala is planning to roll out their beta app targeting UK customers sending back remittances to Uganda and Kenya in February 2021. This payment option will also be available to Tanzanian customers.

Benjamin Fernandes is the co-founder and chief president of Nala. Nala was a previous winner of the Seedstars Tanzania and the Ecobank Fintech Challenge.

This mobile money app has grown to accommodate over 250,000 customers in under a year, becoming the top finance app across East Africa. Nala is backed by Y combinator and US-based VC firm Accel. As of a report by Techcrunch in March, Nala had over 100,000 users as of March 2019.


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