Dar es Salaam – Tanzanian fintech company NALA, founded by entrepreneur Benjamin Fernandes, has successfully secured $50 million in credit financing to support its global expansion plans.The funding comes from Liquidity and MUFG-backed Mars Growth Capital, starting with a $25 million tranche with the potential to scale to $50 million.

This new financing aims to strengthen NALA's liquidity for real-time payments and improve its cross-border payment infrastructure across Africa and Asia.

The company continues to hold more than half of its 2024 $40 million equity round, allowing the credit facility to be deployed without diluting existing shareholders.

NALA CEO Benjamin Fernandes highlighted that rapid growth had sometimes outpaced the company's ability to pre-fund single-direction cross-border payments.The new funding acts as a 'lifeline', ensuring smoother pre-funding for customer accounts and enabling the next growth phase.

Liquidity emphasized that the credit facility was carefully tailored to NALA’s stablecoin-based payment system and real-time settlement capabilities, ensuring it could handle increasing transaction volumes and expanding geographic reach.

NALA provides both consumer payments through its app and B2B services via Rafiki, connecting more than 249 banks and 26 mobile money services in 16 countries.The company expects the new funds to support larger enterprise accounts and contracts set to launch in 2026.