NALA announced that it has secured a $50 million credit facility from LIQUIDITY and MUFG-backed Mars Growth Capital, providing the company with additional capital to accelerate the expansion of its global stablecoin payments infrastructure.
According to founder and CEO Benjamin Fernandes, demand for compliant, global stablecoin payment infrastructure has increased significantly over the past year across the United States, Europe, Africa, and Asia. The company said the new financing will allow it to continue scaling its payments network while maintaining long-term alignment and flexibility as demand grows.
Fernandes highlighted several milestones achieved by the company as it expanded its operations, including obtaining 17 regulatory approvals and licenses globally, retaining nearly 50% of the capital from its last fundraising round, and improving profitability across both its consumer and business segments.
The company reported that its consumer business reached 64% gross profit margins last month, while Rafiki, its B2B infrastructure division, achieved 80% gross profit margins. Fernandes also noted that NALA has signed several major banks and global remittance companies as customers, including MoneyGram, and indicated that additional partnerships will be announced in the future.
NALA believes the new facility will support its efforts to build infrastructure for real-time, programmable, and borderless payments while expanding its global reach.
KEY QUOTES:
“This facility gives us the ability to continue scaling our global payments infrastructure with long-term alignment and flexibility as demand continues to grow.”
“The next era of payments will be real-time, programmable, and borderless.”
“I’ve never been more excited about where NALA will be in the next 24 months.”
“We’ve got some big plans and we’re just getting started.”
Benjamin Fernandes, Founder & CEO, NALA
