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.

The Tanzanian-founded fintech began in 2017 as a remittance app for the African diaspora before expanding into business payments through Rafiki, its enterprise infrastructure platform. The company says its network connects more than 249 banks and 26 mobile money services across 16 countries.

Founder and Chief Executive Officer Benjamin Fernandes said the company’s growth had created pressure around pre-funding, especially for one-way payment flows. Nala said it still holds more than half of the capital from its $40 million equity round in 2024, meaning the credit line is intended to fund expansion rather than cover balance-sheet stress.

The deal comes as fintechs handling large payment volumes turn to credit facilities instead of new equity. Stablecoin-based payment systems are gaining attention as businesses seek faster and cheaper settlement between emerging markets, Europe and the US. Nala did not disclose revenue or transaction volumes, but said several enterprise contracts are expected to go live later this year.