New York-headquartered fintech NALA has secured a credit facility of up to $50 million to accelerate its stablecoin-powered cross-border payments expansion across Africa and Asia. The financing, structured as a non-dilutive credit line, represents a strategic shift away from equity funding as the company scales its high-volume payments infrastructure.
The credit facility has been arranged through Liquidity and Mars Growth Capital, starting with an initial commitment of $25 million and potentially expanding to $50 million or more depending on transaction volumes. This structure enables NALA to access working capital without further diluting existing shareholders, supporting its rapid growth phase and liquidity-intensive operations.
The funding comes after NALA’s $40 million Series A round completed in 2024, backed by investors including DST Global, Acrew Capital, and Norrsken22. Despite strong previous fundraising, the company reportedly retains a significant portion of its capital reserves, making debt financing a practical step to sustain expansion and operational liquidity.
NALA has experienced substantial growth in transaction volumes and revenue, driven by increasing demand for faster, cheaper cross-border payments across emerging markets. Its stablecoin-based infrastructure is designed to reduce settlement times and lower costs in regions where traditional banking systems are often slow and expensive. The new capital will primarily support pre-funding of transactions and enable smoother enterprise-level payouts and collections across its growing network of banks and mobile money providers in Africa and Asia.
A key part of the company’s expansion strategy is its B2B payments platform, Rafiki, which aims to build scalable global payment rails. The platform focuses on improving treasury management, reducing transaction errors, and streamlining cross-border settlements. By leveraging stablecoins, NALA is targeting long-standing inefficiencies in international payments, particularly in markets affected by currency volatility and high remittance costs.
The move also reflects a broader trend of stablecoin adoption across Africa’s fintech sector. Stablecoins, typically pegged to fiat currencies such as the US dollar, are increasingly being used to improve liquidity management and reduce transfer costs. However, regulatory uncertainty remains a major challenge, with different jurisdictions taking varying approaches to digital assets, creating a complex operating environment for fintech companies.
With this new credit facility, NALA gains additional flexibility to scale its infrastructure without relying solely on equity financing. The funding is expected to accelerate market expansion, strengthen enterprise offerings, and enhance its cross-border payment corridors across Africa and Asia, positioning the company more competitively in the evolving global fintech and stablecoin payments landscape.
