| Founded | 2017 |
|---|---|
| Closed | 2019 |
| Country | Tanzania |
| Sector | Fintech |
| Collapse type | Regulatory Kill |
| Founder | Benjamin Fernandes |
Nala (Original P2P Platform)
"Tanzania's promising P2P fintech died by regulatory rejection before its remittance rebirth."
Forced closure by regulatory action
Key Events Timeline
Nala's original peer-to-peer payment product for Tanzania launched in 2017 by Benjamin Fernandes failed to secure a payment service provider license from the Bank of Tanzania.
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