NALA
Founded 2017 · Nairobi, Kenya
Estimated rates Published fee estimates and exchange rate data (no public API)
Supported currencies
20
Supported countries
20
Transfer methods
Mobile Wallet, Bank Transfer, Debit Card, Credit Card
Typical speed
Transfers to mobile wallets in Africa typically arrive within seconds to minutes. Bank transfers may take 1–2 business days.
Fee model
Zero transfer fees on many corridors (UK to Africa). Revenue from exchange rate margin. Fee structure shown upfront before confirmation.
Website
Download: iOS App Store · Google Play
Regulation & Licenses
- UK — FCA (authorized agent of Modulr FS Limited, regulated under Electronic Money Regulations 2011)
- PSD2 compliant for strong customer authentication
Key Facts
- Founded in 2017 by Benjamin Fernandes, a Stanford MBA graduate.
- Y Combinator alumnus focused on building payments for the next billion users.
- Specializes in transfers from the UK, US, and EU to Africa and Asia.
- Supports mobile wallet delivery to Tanzania, Kenya, Uganda, Ghana, Nigeria, Senegal, and other African markets.
- Team spans 18 countries, with hubs in London, Nairobi, and Dakar.
See NALA rates on Coinnect
This profile contains publicly available, factual information only. Coinnect is not affiliated with, endorsed by, or sponsored by NALA. Data sourced from official websites, press releases, and regulatory filings.