Tanzanian FIntech NALA Secures USD 25 M Credit Facility, Can Rise To USD 50 M

Tanzanian fintech NALA has secured a USD 25 M credit facility from Liquidity, with the option to scale the financing to at least USD 50 M.

Arranged through Mars Growth Capital, the facility will help NALA pre-fund customer accounts and support growing demand for its stablecoin-powered payments infrastructure without raising additional equity.

Founded in 2017 by Benjamin Fernandes, NALA evolved from a Tanzanian remittance app into a global payments infrastructure provider operating across 16 countries.

Its Rafiki B2B platform connects businesses to 249 banks and 26 mobile money services. The company says it has processed over USD 1 B in transaction volume and grown revenues 10x over the past year.