Tanzania: Nala Secures $50m Credit Line for Stablecoin Payments

Tanzania: Nala Secures $50m Credit Line for Stablecoin Payments

Nala secured up to $50 million in credit financing from Liquidity to support its stablecoin-powered cross-border payment network. The facility starts with an initial $25 million tranche and can rise to $50 million or more through Mars Growth Capital, a joint venture between Liquidity and Japan's MUFG Bank. Nala said the funding will help it pre-fund transfers, expand payment corridors and support larger enterprise clients.

African Fintech NALA Turns To Debt Financing As Stablecoin Payment Volumes Surge

NALA has secured an initial $25 million credit facility from Liquidity, with room to expand the arrangement to at least $50 million, as the Tanzanian fintech seeks additional working capital to pre-fund customer balances and keep pace with demand that has at times outpaced its balance sheet. The deal was arranged through Mars Growth Capital, the joint venture backed by Liquidity and MUFG Bank, Japan’s largest lender. For NALA, the structure matt…

NALA secures $50m credit facility for stablecoin payments

NALA secures a $50m credit facility from Liquidity to scale stablecoin payment rails globally. Read the full story now

Nala secures $50 million credit line to expand stablecoin payment network

Nala, the Tanzanian-founded fintech building stablecoin-powered cross-border payment rails, has secured up to $50 million in credit financing from private credit firm Liquidity as demand rises for faster business payments between emerging markets, Europe and the United States. According to a statement by Nala, the facility begins with an initial $25 million tranche and can scale to $50 million or more through Mars Growth Capital, a joint venture…

4 YC rejections and a government shutdown couldn't stop this Tanzanian founder: NALA just snaps $50M to build stablecoin rails connecting emerging markets to the world

NALA has secured a $50M credit facility from Liquidity through Mars Growth Capital, its joint venture with MUFG Bank, to scale stablecoin payment corridors across the US, Europe, Africa, and Asia Founder Benjamin Fernandes applied to Y Combinator five times, was rejected four times, got in on his fifth attempt, then received a government shutdown order from Tanzania’s central bank days later The global stablecoin payment infrastructure market st…

STABLECOINS | African Fintech, NALA, Secures $50 Million Credit Facility to Scale Stablecoin Payments Infrastructure

NALA, a global stablecoin payments infrastructure company, today announced it has secured up to $50 million in credit financing from Liquidity, the global AI-driven private credit and technology provider, through Mars Growth Capital, a joint venture between Liquidity and MUFG Bank Ltd The initial $25 million facility offers a scale-up option of at least $50 million to provide working capital to support NALA’s continued global expansion, product …