Tanzanian fintech NALA secures $40 million Series A to grow B2B payment platform

NALA, a Tanzania-born remittance startup scaling its offerings to add a new B2B payments platform, has raised $40 million equity in a landmark deal that TechCrunch ranked among Africa’s largest Series A rounds.

Benjamin Fernandes, founder and CEO of NALA, stated that the new investment, which comes after a $10 million seed in 2022, will go towards the c…