NALA
YC W19New York City, US · Founded 2022 · 168 employees · 13 known investors
NALA operates two payment platforms: one enables consumers to send money across borders to emerging markets, while the other provides stablecoin-based payment infrastructure for businesses in those regions.
FintechPaymentsUnited States of AmericaAmerica / CanadaPartly Remote
Founders & leadership· Y Combinator alumni (W19)
NALA was founded in 2022 by Benjamin Fernandes.
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Benjamin Fernandesin𝕏Founder & Chief Eating OfficerBenjamin Fernandes is a founder based in New York and London who operates NALA, which provides cross-border payment platforms for consumers and stablecoin-based payment infrastructure for businesses in emerging markets.
Investors · 13
Acrew CapitalSan Francisco · $1M – $15M
Amplo VenturesSpring
Bessemer Venture PartnersRedwood City · $5M – $100M
Digital Currency GroupNew York
Liquidity CapitalLondon · $100M
Norrsken22Johannesburg
NycaNew York · $2M
Nyca PartnersNew York · $1M – $10M
Shine CapitalNew York · $1M – $10M
The MBA Fund
Y CombinatorSan Francisco · $500K
DFS LabreportedParis · $50K – $1M
Metis CapitalreportedLagos · $10K – $5M
Founder mafia
2 people who came through NALA went on to found or lead other companies.
Competitors · 9
by search overlap
Wise266 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
Remitly205 shared keywordsRemitly is an international money transfer service that enables customers to send money across borders to multiple countries.
Sendwave167 shared keywordsSendwave provides international money transfer services designed to simplify remittances through digital channels with low fees and fast transfers, serving customers who want to send money across borders without visiting physical locations.
TAPTAP147 shared keywordsTaptap Send is a money transfer application that enables users to send remittances to over 70 destinations across Africa, Asia, the Caribbean, and Latin America at lower costs and faster speeds than traditional services. The platform operates in six countries and aims to reduce cross-border remittance costs for developing nations.
Xoom146 shared keywordsXoom provides online services for sending money, reloading phones, and paying bills internationally on behalf of family and friends. It is part of PayPal, a digital payments company.
Transfer Go137 shared keywordsTransferGo is a digital money transfer and multi-currency app that lets people send low-cost international payments to over 160 countries, hold and exchange currencies, and spend via a virtual or physical GoCard. It primarily serves migrants and individuals sending money home, and also offers a platform for businesses making cross-border transactions.
Revolut135 shared keywordsLondon-based digital banking app offering multi-currency accounts, cards, trading and business accounts to 65m+ customers.
Instarem117 shared keywordsInstarem provides online international money transfers for individuals to send funds to over 60 countries, offering upfront exchange rates, low fees, real-time tracking, and loyalty rewards. It also offers cross-border payment solutions for small and medium businesses to pay overseas suppliers and employees across 160+ countries.
LemFi103 shared keywordsLemFi provides financial services for immigrants relocating globally, enabling them to move money and access financial products across borders. The company serves immigrants and people with cross-border financial connections in markets including the UK, US, and Canada.
Companies competing with NALA for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does NALA do?
- NALA operates two payment platforms: one enables consumers to send money across borders to emerging markets, while the other provides stablecoin-based payment infrastructure for businesses in those regions.
- Who founded NALA?
- NALA was founded by Benjamin Fernandes in 2022.
- Who are NALA's investors?
- NALA's investors include Acrew Capital, Amplo Ventures, Bessemer Venture Partners, Digital Currency Group, Liquidity Capital, Norrsken22, Nyca, Nyca Partners and 5 more.
- Where is NALA headquartered?
- NALA is headquartered in New York City, US.