Fintech Nala wins Seedstars Dar es Salaam, confirms Y-Combinator selection

Tanzanian fintech Nala was yesterday selected as the winner of this year’s Seedstars Dar es Salaam, at a pitching event in Tanzania’s capital. Nala is a mobile money application that works offline, allowing users to easily access multiple mobile money wallets faster.
This, as Nala founder Benjamin Fernandes yesterday also confirmed to Ventureburn (following a tip off from an industry source) that the startup has been selected by the prestigious US seed accelerator Y-Combinator to take part in its 2019 batch.
Fernandes declined to comment further, saying Y-Combinator had asked participants not to share publicly yet that they have been accepted.
The accelerator usually makes seed investments in those startups that take part in the […]

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