NALA
YC W19New York City, US · Founded 2022 · 168 employees · 16 known investors
Find your way into NALA
12,356 people in our graph share verified history with the NALA team — schools, employers, funds. One of them is your warm intro.
Michael McBrideunlockedknows Benjamin Fernandes · together at Stanford University Graduate School of Business (overlapped)
×3knows the team · via Stanford University Graduate School of Business
×8knows the team · via Y Combinator
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.
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 · 16
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
AccelreportedPalo Alto · $1.6M – $70M
AmploreportedHouston
DFS Labreported · 2 sourcesParis · $50K – $1M
Metis CapitalreportedLagos · $10K – $5M
Also in the syndicate · 1
Bessemer Partners
Funding
SEC filings, press & company announcements- Undisclosed amountSeries AJul 2024Source ↗
- Undisclosed amountseedJan 2022
Amplo (lead), Accel, Bessemer Partners, DFS Lab
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Founder mafia
2 people who came through NALA went on to found or lead other companies.
Competitors · 10
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.
Xoom Corporation146 shared keywordsXoom is an online and mobile money-transfer service that lets people send money internationally to friends and family, showing fees and the recipient amount before sending. It offers data encryption, 24/7 fraud monitoring, and multilingual customer support through global service centers.
Transfer Go137 shared keywordsTransferGo is a financial platform that enables money transfers and financial services for people and businesses across borders, serving expatriates, freelancers, and international users in over 160 countries.
Revolut135 shared keywordsLondon-based digital banking app offering multi-currency accounts, cards, trading and business accounts to 65m+ customers.
Instarem117 shared keywordsInstarem operates a cross-border money transfer service enabling individuals and small-to-medium businesses to send funds internationally with competitive exchange rates and low fees. The platform serves customers across more than 60 locations globally, having processed over $6 billion in annual transfers.
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.
Jetlore80 shared keywordsJetlore was a Palo Alto AI startup that turned unstructured retail product data into structured attributes so merchants could personalise what each shopper saw. Founded by Stanford researchers, it raised from Sierra Ventures, Alsop Louie Partners, Fenox Venture Capital, BRM Capital and Mercury Fund, and PayPal acquired it in 2018.
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 7 more.
- Where is NALA headquartered?
- NALA is headquartered in New York City, US.