Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn't arrive within 3 minutes, check your spam folder.

Ok, Thanks

This Tanzanian fintech has expanded its services into the European market

NALA, a Tanzanian fintech company, has expanded its services into the European market, an expansion that will now allow the fintech to operate in 19 European countries and enable remittances from them to African countries, according to TechCabal. This expansion follows several other additions to NALA’s product, as the

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
This Tanzanian fintech has expanded its services into the European market
Photo by Pradamas Gifarry / Unsplash

NALA, a Tanzanian fintech company, has expanded its services into the European market, an expansion that will now allow the fintech to operate in 19 European countries and enable remittances from them to African countries, according to TechCabal.

This expansion follows several other additions to NALA’s product, as the fintech recently integrated ApplePay and Google Pay into its offerings to allow payments from the US and UK to Africa.

Having established a strong presence in markets like Tanzania, Uganda, Ghana, Kenya, Rwanda, the UK and the US, NALA's expansion into the European market promises inclusion for the startup in the lucrative international remittance market. It also provides more options for the over 11 million Africans living in Europe to send money home.

Nala now joins a list of African-birthed fintech that have made an expansion into Europe and offer remittance services to Africans in the diaspora including Nigerian software company Bluechip Technologies which expanded into Europe in August this year.

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More