NALA Secures $50 Million Credit Support to Expand Cross-Border Payments

According to TechFundingNews, stablecoin payment company NALA announced that it has secured a $50 million credit facility from Liquidity through a joint venture between Japan's Mitsubishi UFJ Bank (MUFG) and Mars Growth Capital. The new funding will be used to develop a stablecoin payment infrastructure to support cross-border payment expansion in emerging markets such as Africa and Asia, including real-time payment processing, fund pre-deposit, and treasury management services. Previously, in July 2024, NALA completed a $40 million Series A funding round, with investors including Acrew Capital, DST Global, Norrsken22, HOF Capital, Amplo, as well as angel investors such as Robinhood co-founder Vlad Tenev and Chime co-founder Ryan King.