A Tanzanian fintech startup revealed it has raised $10 million in its latest funding round and is planning to use the funds to finance an expansion into other African countries. Fintech Plans to Enter 12 More Countries by Year’s End The Tanzanian fintech behind an app that enables payments from the U.K. to Africa, Nala, recently revealed it raised $10 million in a funding round backed by Amplo, Accel, and Bessemer Partners. So-called angel investors that participated in this round include the founder of Robinhood, Vladimir Tenev, and Jonas Huckestein, CTO at Monzo. According to a report published by Fintechnews Africa, the fintech’s app already enables payments from the U.K. to five African countries: Tanzania, Kenya, Uganda, Rwanda, and Ghana. However, following the latest fundraise, Nala will have added twelve more African countries by the end of 2022, according to the report. The publication also revealed that Nala has just begun piloting a version of its app suited for busine
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