Stablecoin payment company NALA announced it has secured $50 million in credit funding

According to TechFundingNews, stablecoin payment company NALA announced that it has secured a $50 million credit line from Liquidity through its joint venture Mars Growth Capital with Japan's Mitsubishi UFJ Financial Group (MUFG). The new funds will be used to develop a stablecoin payment infrastructure, focusing on supporting its cross-border payment expansion in emerging markets such as Africa and Asia, including providing real-time payments and receipts based on stablecoins, fund pre-deposit, and treasury management services.

Previously, NALA completed a $40 million Series A funding round in July 2024, with investors including Acrew Capital, DST Global, Norrsken22, HOF Capital, Amplo, as well as angel investors such as Vlad Tenev, co-founder of Robinhood, and Ryan King, co-founder of Chime.