Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised $ 40 million equity in a rare deal that becomes one of the largest Series A transactions in Africa. The oversubscribed round was led by San Francisco-based VC firm Acrew Capital, with participation from DST Global, Norrsken22, HOF […]
TransferGo raises $10M to expand its remittance business in Asia, doubling valuation
TransferGo, the UK-based fintech best known as a consumer platform for global remittances, has raised a $ 10 million growth funding round from Taiwan-based investor Taiwania Capital, with a view to expanding in the Asia-Pacific region. It last raised a $ 50M Series C funding round in 2021. TransferGo claims the new investment doubles its […]
Nala set out to offer remittance services, it’s building a B2B payment platform too
Payments company Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa, and demand for reliable and affordable services. Nala founder, Benjamin Fernandes, said they intended to build their products on this premise right from the outset. Over the last two years, the Tanzanian fintech, through its consumer fintech […]