When was NALA founded?

NALA was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is NALA located?

NALA is headquartered in Nairobi, Kenya.

Who is the current CEO of NALA?

Benjamin Fernandes of NALA. They have also founded 2 companies and are angel investors in 2 startups.

How many employees does NALA have?

As of Jan 29, 2026, the latest employee count at NALA is 240.

Is NALA a funded company?

NALA is a funded company, having raised a total of $50.1M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2019.

When was the latest funding round of NALA?

NALA's latest funding was a $***** Series A round on Jul 09, 2024, with participation from 8 investors.

Where does NALA rank among its competitors?

NALA ranks 11th amongst 1790 active competitors, of which 176 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Zilch, which secured $175M in Nov, 2025.

Who are the top competitors of NALA?

NALA's top competitors include Grab, Paytm and FamApp. Among them, Zilch secured the most recent funding round in November, 2025.

NALA - 2026 Company Profile, Team, Funding, Competitors & Financials

NALA is a series A company based in Nairobi (Kenya), founded in 2017 by Benjamin Fernandes and Nicolai Eddy. It operates as an Online cross-border remittance platform for individuals. NALA has raised $50.1M in funding from investors like Y Combinator, Accel and Amplo. The company has 1790 active competitors, including 176 funded and 97 that have exited. Its top competitors include companies like Grab, Paytm and FamApp.

Company Details

Online cross-border remittance platform for individuals. It enables users to send and receive money globally using banking channels. Users must link the debit and credit cards for transferring funds. It features multilingual customer support, recurring transfers, and more. The application is available on Android and iOS platforms.

Website: www.nala.com/
Social
Email ID: *****@nala.com

Key Metrics

Founded Year

2017

Location

Nairobi, Kenya

Stage

Series A

Total Funding

$50.1M in 4 rounds

Latest Funding Round

Series A, Jul 09, 2024, $*****

Investors

Y Combinator & 21 more

Ranked

11^th among 1790 active competitors

Employee Count

240 as on Jan 29, 2026

Similar Companies

FamApp & 939 more

View NALA's full profile

NALA is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NALA PAYMENTS LIMITED CIN: 12792210 , United Kingdom, Active	Aug 03, 2020	-	7 (As on Dec 31, 2022)

NALA has raised a total funding of $50.1M over 4 rounds. Its first funding round was on 2019. Its latest funding round was a Series A round on Jul 09, 2024 for $*****. 8 investors participated in its latest round. NALA has 15 institutional investors and 7 angel investors.

Here is the list of recent funding rounds of NALA:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 09, 2024	7810281	Series A	7946246	6233389	2565942	5713481
Jan 27, 2022	4711707	Seed	4374403	4973746	9299076	Accel & 7 more
2019	5591	Seed	2814	4138	Y Combinator	5890

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View details of NALA's funding rounds and investors

The founders of NALA are Benjamin Fernandes and Nicolai Eddy. Benjamin Fernandes is the CEO of NALA.

Here are the details of NALA's key team members:

Benjamin Fernandes: Co-Founder & CEO of NALA and founder of 4 other companies, including Rafiki, NALA and P1 Ventures. They are also an angel investor in 2 startups.
Contact Info: 3 email addresses
Nicolai Eddy: Co-Founder & COO of NALA.
Contact Info: 1 email address

View details of NALA's Founder profiles and Board Members

NALA's employee count trend

NALA has 240 employees as of Jan 26. Here is NALA's employee count trend over the years:

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Top competitors of NALA include Grab, Paytm and FamApp. Here is the list of Top 10 competitors of NALA, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Grab 2012, Singapore (Singapore), Public	Operator of a platform providing ride-hailing, food delivery, and payment services	$10.4B	DiDi, SoftBank Group & 104 others	88/100
2nd	Paytm 2000, Noida (India), Public	Digital payment platform offering financial services, recharges and more	$3.16B	Alibaba Group, Berkshire Hathaway & 78 others	81/100
3rd	FamApp 2019, Bengaluru (India), Series A	Provider of teen and adult spending accounts with UPI and card payments	$42.7M	Global Founders Capital, Venture Highway ... & 15 others	77/100
4th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	New Enterprise Associates, RRE Ventures & 8 others	76/100
5th	RecargaPay 2004, Sao Paulo (Brazil), Series C	Mobile wallet and prepaid card provider	$127M	IDC Ventures, IFC & 26 others	76/100
6th	Azimo 2012, London (United Kingdom), Acquired	Banking channel for cross-border money transfers	$68.8M	Rakuten Capital, Headline & 30 others	75/100
7th	MoneyGram 1940, Dallas (United States), Acquired	Provider of global money transfer and payment services for individuals	-	Goldman Sachs, Ripple & 3 others	75/100
8th	Curve 2015, London (United Kingdom), Acquired	Provider of a digital wallet that consolidates cards and boosts value	$323M	Cohen Circle, IDC Ventures & 105 others	75/100
9th	bKash 2011, Dhaka (Bangladesh), Series C	Mobile financial services and payment system for consumers	$261M	SoftBank Vision Fund, Alipay & 3 others	73/100
10th	Zilch 2018, London (United Kingdom), Series D	Direct-to-consumer ad-subsidised payments network	$565M	Gauss Ventures, Ventura Capital & 53 others	71/100
11th	NALA 2017, Nairobi (Kenya), Series A	Online cross-border remittance platform for individuals	$50.1M	Bessemer Venture Partners, Acrew Capital ... & 20 others	72/100