NALA Banks $50 Million Credit Facility for Next-Phase Growth

The African payments company NALA has secured a $50 million credit facility from Liquidity, through its Mars Growth Capital joint venture with MUFG Bank Ltd. This non-dilutive funding will fuel the company’s global expansion, product development initiatives, and build-out of its next-generation neobank.

Key Highlights:

• The financing includes an initial $25 million facility with a scale-up option to at least $50 million
• NALA is using this capital to pre-fund customer accounts and support rapid growth
• This follows a $40 million funding round secured last year, demonstrating investor confidence in the company’s vision

About NALA:

NALA operates a payments app that enables secure money transfers from Europe, the UK, and US to Tanzania, Kenya, Rwanda, Uganda, and Ghana—all processed in seconds. The company launched in 19 new EU countries in 2023 as part of its mission to connect Africans globally.

“This financing validates our vision of building the definitive stablecoin payments infrastructure for the long term,” said Benjamin Fernandes, founder and CEO of NALA. “We previously experienced rapid growth outpacing our funding, which caused operational challenges. Liquidity’s tailored capital provides a crucial lifeline as we scale.”

The facility is structured to accommodate NALA’s compliant stablecoin rails, real-time payments capabilities, and focus on emerging market corridors, according to Paul Brodie, global head of investments at Liquidity.