Nala

Emerging

Previously raised $40M Series A (2024). Targeting $120M raise (late 2026). Rafiki API powers B2B Africa cross-border payments. 11 African countries. US is 60% of revenue.

Cross-Border B2B Payments (Africa)
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Updated April 2026

Company Overview

About Nala

Nala is a cross-border payments company building the B2B payment network for Africa, enabling US businesses and African diaspora to pay African contractors, suppliers, and beneficiaries across 11 countries. The company raised $40 million in Series A financing in 2024 and is targeting a $120 million raise in late 2026 as its Rafiki API — the business payments infrastructure layer — gains traction with US companies operating in or sourcing from Africa.

Business Model & Competitive Advantage

The US-to-Africa B2B payment corridor is structurally underserved: US businesses hiring remote African software engineers, outsourcing to African service providers, or purchasing from African manufacturers face wire transfer fees, multi-day settlement times, and compliance complexity that add significant cost and friction. Nala's Rafiki API abstracts these challenges, providing instant account-to-account payments in local currency through bank partners across 11 African markets.

Competitive Landscape 2025–2026

US businesses representing 60% of Nala's revenue validates that the B2B inbound direction (US→Africa) is the primary near-term market, but the Rafiki API's architecture is designed for multi-directional payments as African businesses scale their international operations. As Africa's technology sector continues its rapid growth — with Nigeria, Kenya, Egypt, and Ghana producing significant software development and digital services export revenue — Nala is positioned as the financial infrastructure layer connecting African talent and businesses to the global economy.

Revenue
$40M
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Key Differentiators

Emerging Innovator

Nala is an emerging player bringing innovative solutions to the Fintech market.

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