TechFlow News, May 29: According to TechFundingNews, stablecoin payment company NALA announced it has secured a $50 million credit facility from Liquidity through Mars Growth Capital, its joint venture with Japan’s Mitsubishi UFJ Financial Group (MUFG). The new capital will be used to develop a stablecoin-based payment infrastructure, with a focus on expanding cross-border payments in emerging markets—including Africa and Asia—by offering real-time stablecoin-based payments and receipts, pre-funded accounts, and treasury management services.
Previously, in July 2024, NALA closed a $40 million Series A funding round led by investors including Acrew Capital, DST Global, Norrsken22, HOF Capital, and Amplo, as well as angel investors Vlad Tenev, co-founder of Robinhood, and Ryan King, co-founder of Chime.
