Tanzanian fintech start-up NALA has secured up to $50 million in credit to unlock the next phase of its growth by scaling global stablecoin payments infrastructure.
This comes as adoption of stablecoin-powered payments accelerates worldwide.
According to the firm, the investment is a joint venture between Liquidity and MUFG Bank, enabling NALA to onboard enterprise contracts going live later this year and expand payment corridors across the US, Europe and emerging markets without equity dilution.
Benjamin Fernandes, founder and CEO of NALA, said the facility provides the fintech with long-term alignment and flexibility to meet growing demand while scaling global payments infrastructure.
Additionally, the milestone is part of NALA’s Next Billion strategy, aiming to build a modern financial ecosystem for rapidly growing populations in Africa and other emerging markets, projected to reach 2.5 billion people by 2050.
The strategy is founded on the belief that current payment systems are only 1% built and that long-term success requires owning the underlying infrastructure rather than relying on existing third-party rails.
"Over the past year, demand for faster, compliant global stablecoin infrastructure has accelerated significantly across the US, Europe, Africa and Asia. As we have scaled, we have continued investing deeply in regulation, infrastructure and gross margins,” Fernandes said.
He added: “The next era of payments will be real-time, programmable and borderless.”
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