Financial service company Cellulant partners Tanzania’s fintech NALA

TANZANIA – Cellulant, a Pan-African payments company, has teamed up with NALA, a Tanzania based fintech company, to power remittance payments from the United Kingdom and United States into Kenya, Uganda, Rwanda, Tanzania and Ghana. Besides Official Direct Assistance (ODA), remittances make up the second-largest source of external resources for Sub-Saharan Africa. In 2019, approximately US$48 billion was remitted in…

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Fintech startup NALA raises US$10m funding for its UK expansion plans

TANZANIA – NALA, a Tanzanian cross-border payments firm that recently switched from local to international money transfers, has announced that it had raised US$10 million in a fresh round of funding. NALA will be able to hire more people and support expansion efforts in the United Kingdom, the United States, and Europe, as well as establish payment rails in Africa…

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