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NALA is a Dar es Salaam fintech whose mobile app lets users send international money transfers to Africa and Asia.
Founded in 2017 in Dar es Salaam, Tanzania, NALA Incorporation Company Limited runs a fintech mobile app for international money transfers, mainly from the UK, US and EU to recipients in countries such as Ghana, Kenya, Uganda and Tanzania. Users can send up to USD 5,000 per day, and the company earns transaction fees. It raised USD 0.150 mn in a Seed round led by Y Combinator in March 2019, with participation from 9Yards Capital and VentureSouq.
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