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Wala

Curated by Signal

Mass-market neobank enabling users to earn, spend, and save.

Overview

Wala functions as a neobank aimed at the mass market, offering a financial application that supports users in earning, spending, and saving. The platform incorporates a digital currency known as dala, which users can acquire by completing tasks for various global organizations. Additionally, Wala features a marketplace that enables users to reduce fees related to bill payments and service purchases. The company targets individuals interested in effective financial management and supplementary income opportunities, positioning itself as a centralized financial solution. Wala does not charge fees for transferring dala between users, which may contribute to user engagement and financial inclusivity.

Key facts

Founded
2014

Business model

Contact

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About Wala

What does Wala do?

Wala functions as a neobank aimed at the mass market, offering a financial application that supports users in earning, spending, and saving.

Where is Wala headquartered?

Wala is headquartered in Cape Town, South Africa.

When was Wala founded?

Wala was founded in 2014.

Which sector is Wala in?

Wala operates in Digital Banks, part of Financial Technology.

Who are Wala's competitors?

Companies similar to Wala include insha, TONIK, and Freo.