Company Information

Get to know Nala

Nala is a UK-based fintech company with a mission to increase economic opportunities for Africans globally. Founded by Benjamin Fernandes, the company was created to address the challenges of high fees, slow speeds, and lack of transparency in the traditional remittance industry. Nala's mobile app allows the diaspora in the UK, US, and Europe to send money to various countries across Africa securely and instantly, often directly to mobile money wallets or bank accounts, with competitive exchange rates and lower fees than incumbent services.

Industry

Financial Electronic PaymentPRIMARY
Financial Banking
Financial Other Service

Contact

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Nala

Tanzania

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.