Nala Obtains $50 Million Credit Facility to Accelerate Global Payments

Tanzanian fintech Nala has secured a $50 million credit facility from private credit firm Liquidity, marking a significant step in the company’s mission to build stablecoin-powered payment rails across emerging markets. The initial $25 million tranche can be scaled up through Mars Growth Capital, a joint venture between Liquidity and MUFG Bank.

This funding will enable Nala to pre-fund transfers, expand into new payment corridors, and better serve larger enterprise clients utilizing its infrastructure for collections and payouts. According to founder and CEO Benjamin Fernandes, the rapid growth of Nala’s business—at one point doubling every quarter—necessitated this type of financing solution.

From Remittances to Enterprise Payments

Founded in 2017 as a remittance app for the African diaspora, Nala has evolved into a comprehensive payment platform through its Rafiki enterprise infrastructure. The company currently connects over 249 banks and 26 mobile money services across 16 countries, facilitating seamless transactions between emerging markets, Europe, and the United States.

Stablecoins Gain Traction in Cross-Border Payments

The demand for stablecoin-based payment systems is rising as businesses seek faster and cheaper alternatives to traditional bank transfers. This trend is particularly pronounced in emerging markets where delays and high foreign exchange costs remain significant challenges.

Liquidity structured the financing around Nala’s real-time payment flows rather than a conventional venture debt model, recognizing the unique nature of compliant stablecoin rails. As Paul Brodie, Liquidity’s global head of investments, noted: “Our team structured a facility that accounts for Nala’s compliant stablecoin rails and rapid growth in emerging market corridors.”

While specific transaction volumes and revenue figures remain undisclosed, Nala anticipates several major enterprise contracts will launch later this year, underscoring the growing corporate interest in stablecoin-based settlement networks.