NylaBank

Operating

NylaBank pioneers Africa’s first digital Islamic bank, expanding ethical financial inclusion.

Updated Source: SLA Startup IndexHow we verify →
Total raised
$100K
disclosed
Last round
$100K
Grant
Rounds
1
since 2023
Investors
1
on record
Employees
1-10

About NylaBank

Nyla is a Ghanaian fintech startup founded in 2024 and headquartered in Accra. The company is building Africa’s first digital Islamic bank, designed to empower one billion people with ethical, Shariah-compliant financial products. Nyla’s mission is to expand financial inclusion by offering digital-first banking solutions that align with Islamic principles while serving underserved communities across Africa. Led by Founder and CEO Mubarak Sumaila, Nyla combines innovation, accessibility, and ethics to create a transformative financial ecosystem. With over 30,000 people already on its waitlist, Nyla is positioned to redefine digital banking in Africa’s emerging markets.

NylaBank funding1 round

NylaBank has raised $100K across 1 disclosed round. The latest is a $100K Grant announced 16 Oct 2024, led by Milken-Motsepe Innovation Prize Program.

Who has invested in NylaBank

AnnouncedRoundLead · investorsAmount
16 Oct 2024NylaBank GrantMilken-Motsepe Innovation Prize Program$100K

NylaBank founders & team

NylaBank competitorssame sector · similar funding

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Frequently asked about NylaBank

Where is NylaBank based and when was it founded?
NylaBank is headquartered in Accra, Ghana and was founded in 2023.
Who founded NylaBank?
NylaBank was founded by Mubarak Sumaila (Founder and CEO).
Who is the CEO of NylaBank?
Mubarak Sumaila is NylaBank's Founder and CEO.
How much funding has NylaBank raised?
NylaBank has raised $100K across 1 disclosed round. Its latest, a $100K Grant, was announced on Oct 16, 2024.
Who has invested in NylaBank?
Backers include Milken-Motsepe Innovation Prize Program.
What sector is NylaBank in?
NylaBank operates in Financial Services, FinTech and Banking.