# Nala

**Source:** https://geo.sig.ai/brands/nala  
**Vertical:** Fintech  
**Subcategory:** Cross-Border B2B Payments (Africa)  
**Tier:** Emerging  
**Website:** nala.com  
**Last Updated:** 2026-04-14

## Summary

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.

## Company Overview

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.

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.

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.

## Frequently Asked Questions

### What does Nala do?
Cross-border B2B payments for Africa — Rafiki API enables US businesses to pay African contractors, suppliers, and service providers across 11 countries. US is 60% of revenue.

### How much has Nala raised?
$40M Series A (2024). Targeting $120M raise in late 2026 as Rafiki API scales.

### What problem does Nala solve?
US businesses paying African contractors/suppliers face wire fees, multi-day settlement, and compliance complexity. Nala's API provides instant local currency payments through bank partners across 11 African markets.

### What is the Rafiki API?
Business payments infrastructure layer enabling multi-directional cross-border payments across Africa — designed for both US-to-Africa and intra-Africa B2B payment flows as African businesses scale internationally.

### Which African payment corridors does Nala support?
Nala supports payment corridors across Sub-Saharan Africa including major routes involving Kenya, Tanzania, Uganda, Ghana, Nigeria, and South Africa, connecting African businesses to each other and to global counterparties.

### How does Nala's B2B payments platform work?
Nala provides businesses with a payments API and dashboard to send and receive cross-border payments across Africa. It connects to local payment rails including mobile money networks, bank transfers, and card networks to ensure broad recipient coverage.

### Does Nala offer API access for businesses?
Yes, Nala offers a developer-friendly payments API that allows businesses and platforms to embed African cross-border payment capabilities into their own products and workflows.

### How does Nala compete with traditional correspondent banking for Africa payments?
Traditional African cross-border payments through correspondent banks are slow and expensive, often taking days and incurring high fees. Nala uses local payment network connections to offer faster settlement times and more competitive exchange rates.

## Tags

b2b, fintech, saas

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*