nala

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.

ChainCatcher news, Tanzanian fintech startup Nala has raised $40 million in Series A funding to support its B2B payment platform called Rafiki. This round was oversubscribed and led by San Francisco venture capital firm Acrew Capital, with participation from DST Global, Norrsken22, and HOF Capital.

ChainCatcher news, according to Chainwire, the decentralized derivatives infrastructure EthosX announced a partnership with kanalabs.io to launch a new perpetual options product OPerps on its front end, aimed at helping users generate income based on their market predictions.It is reported that OPerps allows users to trade tokenized (ERC-20) options that never expire but settle every few minutes/hours. Investors can participate in long call options and long put options OPerps trading.According to Web3 asset data platform RootData, the decentralized derivatives infrastructure EthosX completed a new round of financing of $1.8 million in December 2023. EthosX was founded in 2022 by Deepanshu, former Vice President of Global Derivatives Clearing at JPMorgan, and is a selected team in Binance Labs' sixth season MVB accelerator program, primarily providing automated and non-custodial clearing and settlement services for financial derivatives.