Nala to use $40M Series A to build B2B payments platform, scale remittance services
Nala, a remittance startup, raised $40 million in an oversubscribed Series A round to expand its B2B payments platform.
MAIN POINTS
- Nala raised $40 million in Series A funding.
- The funding round was led by Acrew Capital.
- Nala is expanding its portfolio to include a B2B payments platform.
TAKEAWAYS
- This is one of Africa's largest Series A transactions.
- The funding round was oversubscribed.
- Nala's expansion signifies growth in the African fintech sector.