By
The Citizen Reporter
Media/news company
Mwananchi Communications Limited
Dar es Salaam. Fintech NALA, founded by Tanzanian entrepreneur Benjamin Fernandes, has secured $50 million in credit financing to expand its global reach.
Fintech NALA secures $50 million to power global expansion
Fintech NALA, founded by Tanzanian entrepreneur Benjamin Fernandes, has secured $50 million in credit financing to expand its global reach.
TL;DRAI
NALA secured $50M in credit financing (starting at $25M, scalable to $50M) from Liquidity and Mars Growth Capital to pre-fund cross-border payment corridors across Africa and Asia, while retaining 50%+ of its 2024 equity round. For tech leaders evaluating B2B payment infrastructure, NALA's stablecoin-based rails and Rafiki API (249 banks, 26 mobile money services, 16 countries) signal accelerating enterprise demand for real-time settlement in emerging market corridors.
429 words~2 min read
