RAFIKI

We are thrilled to share that NALA has raised $40M in our Series A fundraise! A huge thank you to our customers, team and supportive partners Read more here: https://lnkd.in/dgf-TAav #TheNextBillion #1PercentBuilt

We have a confession - we don't know what it takes to build an e-Commerce business We leave that part up to our clients. And they leave cross-border payments to us, because that's our area of expertise. You take care of business, we'll take care of payments. #Payments #CrossBorder #Experts

An exciting new partnership for the NALA team As we go deeper into our markets, it's great to find partners like NCBA Group whose capabilities and digital leadership further strengthen our ability to serve our customers and provide fast and reliable payments for global businesses Looking forward to working closely with Sally Chege, Isaac Owilla, Charles Omondi and the team Let's go! #1percentbuilt #TheNextBillion RAFIKI #globalpayments Nicolai Eddy Obunde Francis Odhiambo Minnie Kaburu

This guy raised $40 million and is shaking up African fintech! Meet Benjamin Fernandes 🎉💼 Born and raised in Tanzania, Benjamin Fernandes is making waves across the global fintech landscape. 💸 As the CEO and founder of NALA, he’s on a mission to revolutionize payments and uplift Africa’s remittance economy, tackling the $50 billion problem of transaction fees that hit African diasporas sending money home. At just 22 years old, after earning an MBA from Stanford University,Stanford University Graduate School of Business Benjamin took a leap of faith and returned home to build a platform for Africans, by Africans. With the backing of Y Combinator, DST Global, and Accel, NALA raised $10 million—one of the biggest seed rounds in African tech! 💰 So what’s NALA all about? 🤔 Stats don't and will never lie : 🌍 500,000+ users now trust NALA to send money quickly and affordably. 🚀 In 2023 alone, the company grew its revenue 10x, all while becoming cash-flow positive. 📈 📱 34x increase in transaction volume, expanding across nine markets including Nigeria, Senegal, and Kenya. But that's just the beginning! NALA’s groundbreaking #RafikiAPI is something every business scaling into Africa needs to know about. Imagine a payment system that unifies 54 African countries as if they were one. RAFIKI API simplifies cross-border payments and provides faster, more reliable solutions for companies operating on the continent. 🌍✨ This is #fintechinnovation that’s making Africa proud and connecting the world. Benjamin Fernandes and the NALA team are not just creating tech—they’re fueling Africa’s future with an investment of over $6 million into African tech ecosystems and job creation. 🇹🇿🇰🇪 From coast to coast, people are noticing. Whether it’s in London or Dar es Salaam , NALA is turning heads, reshaping Africa’s financial infrastructure, and making sure sending money home is a breeze. ❤️💼 🌍 Africa’s fintech revolution is 1% complete, and Benjamin Fernandes is leading the charge.There’s much more ahead for NALA—and the next billion is on the horizon. 🌟 👉 Follow Brian Gillo and NALA for updates on the incredible milestones they’re achieving and their bold vision for Africa’s financial future. cc: Cellulant M-PESA Africa Vodacom Apple Equity Bank Limited Selcom Tanzania Modulr Bank of Uganda CRDB Bank Plc Nicolas Esteves and Nicolai Eddy #Fintech #AfricaRising #RemittanceRevolution #Fintech #TechInnovation #AfricaRising #Remittances #Payments #FinancialInclusion #AfricanDiaspora #GlobalFintech #DigitalTransformation #CrossBorderPayments #VCFunding #StartupLife #1PercentBuilt #AfricaTech #ImpactInvesting #MobileMoney #TanzaniaTech #FinancialFreedom #TechForGood #MoneyTransfer #AfricaFintech #VC #DigitalFinance #AfricanPride #AfricanEntrepreneurship #TechForAfrica #InvestInAfrica #DiasporaEconomy #TechLeaders \#NextBillion #FintechRevolution #EntrepreneurshipJourney #AfricaLeads #SendMoneyHome

Last week at our Company Offsite in Zanzibar, I had the honour of receiving an Exceptional Contribution Award for our Payment Operations Team. This was a heartfelt moment filled with gratitude for those positively impacted by my work and collaboration 🙏🏽 A special shoutout to Gloria Gechemba who has been with me from the beginning of this journey and teaching me the ropes around payments, which wasn't my specialty before joining the team. I would also like to shout out Shamte Daudi - a great leader and mentor who has taught me how to set the bar 🙌🏽 I look forward to contributing to the growth and expansion of both NALA and our B2B product RAFIKI as we work to create payment rails for the next billion 💪🏼 We've barely started, there's more work to be done. It's now time to cook! 🧑🍳 #TimeToCook #1PercentBuilt #TheNextBillion #NALA

We are thrilled to announce Tom Squire Head of Sales, RAFIKI by NALA will be joining us as a speaker at Fintech Without Borders forum in London. Tom is a seasoned entrepreneur and leader in the FinTech ecosystem with over 16 years of experience in financial services. As Head of Sales, he drives growth and commercial activities for Nala’s B2B solution, Rafiki, an API-enabled payments platform that services global corporates and financial institutions with fast, secure, and reliable FX and cross-border payments to enable them to pay anyone, anywhere within 5 minutes. Having started his career in accountancy, focusing on private equity M&A, Tom moved into startups and co-founded a digital escrow startup in the UK, taking it to Series B and over £10bn in processed volume. Here, he was at the forefront of revolutionising how legal firms and startups leverage technology to improve customer experiences, streamline operations and digitise payments. With a dedicated focus on important issues facing global cross-border payments, the event will examine best approaches in achieving faster, safer and more transparent cross-border payments. The event will convene a gathering of IMTO’s, banks, fintechs, government representatives and everyone working across various verticals of the borderless fintech ecosystem. Join us on the 25th October, 2024 and gain actionable insights from industry leaders that keeps you at the forefront of the borderless fintech market. Book your early bird pass at 50% off via https://fb.eventhive.ng

We are so excited to be heading over to Las Vegas in October for Money20/20! The Rafiki team will be ready to discuss all things payments and meet other experts. Are you going to Money20/20 Las Vegas 2024 this year? We'd love to see you there. Benjamin Fernandes, Nicolai Eddy, Thomas Robinson, Tom Squire #Money2020USA #Payments #Events NALA

Did you know that Latin America is the fastest-growing market for cross-border payments? Thanks to a booming e-commerce industry and high remittance practices, the market in LatAm is growing at 10% annually (the global average is 4%). Businesses need to deliver fast and reliable payments for their customers - otherwise their competitors just might. #GlobalPayments #LatinAmerica

It's been an incredible week in Africa talking to customers, meeting all the team, and enjoying the breathtaking scenery Tanzania has to offer B2B cross-border payments shouldn't be this hard. We still have a lot of work to do and I am so pumped for what's coming with RAFIKI. We're taking the pain out of payments with the most reliable rails for global businesses #TheNextBillion #CampNALA24 #Rafiki #Zanzibar

Our mission is to deliver payments for the next billion. But what does that mean? Although we specialise in African payments, issues of speed and reliability are global. That's where Rafiki comes in. We're building better payment rails around the world so more people and businesses can send more transactions. That's our mission. #CrossBorderPayments #GlobalPayments #mission