Stablecoin payment firm NALA has secured a $50 million credit facility from Liquidity, facilitated through its joint venture with Japan's Mitsubishi UFJ Bank (MUFG), Mars Growth Capital. The funding will support the development of stablecoin payment infrastructure, focusing on expanding cross-border payment services in emerging markets like Africa and Asia. This includes enhancing real-time payment processing, fund pre-deposits, and treasury management services.
Previously, NALA completed a $40 million Series A funding round in July 2024, attracting investors such as Acrew Capital, DST Global, and notable angel investors like Vlad Tenev, co-founder of Robinhood, and Ryan King, co-founder of Chime.
NALA Secures $50 Million Credit Facility for Stablecoin Payment Expansion
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