Tanzanian fintech NALA, founded by Benjamin Fernandes, has entered Kenya following a 40 million Series A round, using the funding to fuel international expansion and build proprietary payment rails across Africa and beyond.
The Nairobi launch is being carried out in partnership with Equity Bank and PesaLink, allowing the company to fast-track its entry into one of Africas busiest remittance markets without going through the lengthy process of applying directly for a Central Bank of Kenya license.
Tapping Kenyas 4.9 billion remittance market