27-02-2025
Accel-Backed Fintech Startup Seeks $120 Million in Funding Round
Nala, an African startup backed by venture-capital funds such as Accel Partners, aims to raise as much as $120 million in its next financing round by selling an equity stake of between 10% and 15%.
Founded in 2016, the Tanzania-based payments company raised$40 million last year and spent it on expanding beyond Africa and building out an inter-business payment platform for the continent. It has raised a total of $50 million from backers including Y-Combinator Inc, DST Global and Acrew Capital.
