NALA secures $50M Credit Facility from Liquidity to Scale Global Stablecoin Payments Infrastructure
NALA has secured up to $50 million in credit financing from Liquidity, the global AI-driven private credit and technology provider, through Mars Growth Capital, a joint venture between Liquidity and MUFG Bank Ltd.
The initial $25 million facility comes with a scale-up option of at least $50 million, providing working capital to fuel NALA's global expansion, product development and the build-out of its next-generation neobank — all powered by its global stablecoin infrastructure.
Notably, the facility is non-dilutive: NALA still holds more than 50% of the capital from its 2024 $40m Series A, meaning Liquidity's financing is being deployed purely to accelerate growth and open new payment corridors.
Why this matters for your readers:
This is one of the largest dedicated credit facilities yet structured around stablecoin payments infrastructure — a signal that institutional private credit is now underwriting stablecoin rails as core financial infrastructure
NALA's B2B stablecoin payment demand has grown sharply over the past year, with enterprise contracts set to go live later in 2026 — this capital pre-funds those customer accounts at scale
NALA's infrastructure connects 249+ banks and 26 mobile money services across 16 countries in Africa and Asia, via its consumer app and Rafiki, its B2B payments infrastructure API
The deal reflects a broader shift: growth-stage fintechs scaling cross-border payments are increasingly turning to private credit rather than equity to fund working capital for pre-funded settlement
Executive Commentary
Benjamin Fernandes, Founder and CEO of NALA, said: "The financing from Liquidity validates our vision of building the definitive stablecoin payments infrastructure for the long term. At some point, our business was more than doubling every other quarter — we grew faster than we could handle pre-funding for single-direction payments, and everything broke. Liquidity came in quickly and was highly flexible, so their tailored capital is a lifeline for us. It provides the cash required for NALA to pre-fund customer accounts and unlock our next phase of growth."
Paul Brodie, Global Head of Investments at Liquidity, said: "Our team structured a facility that accounts for NALA's compliant stablecoin rails, real-time cross-border payments and rapid growth in emerging market corridors. We conducted extensive bottom-up due diligence on NALA, stress-testing the model across a range of scenarios and created a bespoke, highly scalable facility that matches the sophistication of NALA's operations."
Justin Langen, Director at Liquidity, said: "At Liquidity, we partner closely with founders, working alongside teams to design financing around how companies scale in practice. In NALA's case, that meant structuring a facility that can adapt as volumes grow and corridors expand, giving them the flexibility to meet rising demand without friction."