Looking forward 🚀
Remember when we said money transfer was only the beginning?
Follow us to stay up to date with what we're building.
By the end of 2023, just six African countries supported real-time payments. Only 5% of all payments were made through digital channels, and on average, we lost 7-8% to transaction fees every time we sent money home. Payments to Africa remain significantly more expensive than payments to any other continent.
Every week, we hear stories of determination, persistence, and sacrifice from our community in the name of a greater cause. Our community supports loved ones at home, nurtures businesses, and builds their future.
Last year, $100 billion was sent from overseas to family and friends in Sub-Saharan Africa. Every Dollar counts.
We represent a movement tackling global challenges with dedication, brainpower, and hard work.
Community is the heart and soul of everything we do. Since day one, we’ve worked closely with early users to understand how we can solve real-world problems and financially empower the global diaspora. We build trust through transparency.
Over the past year, we have experienced significant growth, with a five-fold increase in monthly users and tripling annual send volume and transactions.
Our strong collaboration with governments and financial regulators has enabled us to secure new licenses in our receiver and sender markets. As a result, we have expanded our services to West Africa, introducing payment options to Nigeria, Côte D'Ivoire, Senegal, and Cameroon.
NALA is about building payments for the Next Billion. We’ve made strides towards this by supporting fast, reliable, and affordable international payments to 9 African countries, with more to come in 2024.
Payments in Africa are still only 1% built, but we are rising to meet this challenge.
- Build products and solutions around your needs.
- Embody transparency.
- Work collaboratively with the communities we serve to drive initiatives that elevate and empower.
Learn about our updated mission Payments for the Next Billion.
Learn about our NALA consumer app journey and what’s next here.
Remember when we said money transfer was only the beginning?
Follow us to stay up to date with what we're building.