Fintech Insider Podcast by 11:FS cover image

Fintech Insider Podcast by 11:FS

877. News: Nala raises $40M to expand, and does Australian open banking need to go back to the drawing board?

Jul 15, 2024
Simone Joyce, CEO of Paypa Plane, and other guests discuss Nala's $40M funding for B2B payments, Deutsche Bank's sustainable finance bond, Index Ventures' $2.3B for AI, and the need for Australian open banking reform.
01:03:40

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Nala raises $40M to expand B2B payments platform internationally.
  • Deutsche Bank launches €500 million social bond for sustainable finance initiatives.

Deep dives

Nala Raises $40 Million in Series A Funding for Expansion

Nala, a cross-border payment platform, secured $40 million in Series A funding. The investment, led by Accrue Capital, will aid Nala in global expansion, allowing users to send money to 11 African markets and supporting bill payments via mobile wallets like M-Pesa.

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