Tanzanian fintech startup NALA has officially launched in the European Union (EU), adding 19 new countries to its list of send countries and aiding its mission of connecting Africans globally.
NALA is an African payments company and money transfer app that enables users to make secure and reliable payments from Europe, the UK and US to Tanzania, Kenya, Rwanda, Uganda and Ghana in seconds.
The company has now launched in the EU by adding 19 new Eurozone nations to its list of send markets. After expanding from the UK to the US earlier this year, NALA has grown rapidly via geographic expansion and product differentiation. Its EU expansion is the latest in several exciting updates still to come, including the launch of NALA For Business and recent integrations with Apple and Google Pay.
READ ALSO:
Apple’s Announce its Mixed-Reality Headset to Launch This Spring
USA at Higher Risk as Global economic uncertainty Becomes the New Norm
Meta Launches Live Roll-Out of VRS System to Mitigate Unintended Bias in Ad Exposure
“The European economy is the third largest in the world, and home to more than a quarter of African migrants. At NALA, our mission is to financially empower Africans across the world. Launching in the EU significantly expands our reach and ability to meaningfully innovate in the African payments space,” said NALA founder and CEO Benjamin Fernandes.
