| Founded | 2014 |
|---|---|
| Closed | 2019 |
| Country | Rwanda |
| Sector | Fintech |
| Collapse type | Fraud Explosion |
| Founder | Tricia Martinez, Samer Saab |
Wala
"Wala bet its entire business model on a crypto token — then the 2018 crypto crash wiped it out."
Sudden collapse triggered by fraud exposure
Key Events Timeline
Wala, founded by Tricia Martinez and Samer Saab, built a zero-fee financial services app targeting underbanked users in Uganda, Rwanda, and South Africa.
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