Tanzanian payment financial technology (fintech) firm Nala been on the upswing since it secured pre-seed funding from Accel in 2019, with which it built a mobile money service for East Africa. Then last year it raised $10 million more and has now set its target higher in the lucrative remittance market.
It is now eyeing a bigger piece of Kenya’s Sh420 billion inflows, months after securing approval from the Central Bank of Kenya and subsequently opening and staffing an office in Nairobi.
