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Fintech NALA secures $50 million to power global expansion

NALA's founder and CEO, Benjamin Fernandes. PHOTO | COURTESY

By  The Citizen Reporter

Media/news company

Mwananchi Communications Limited

Dar es Salaam. Fintech NALA, founded by Tanzanian entrepreneur Benjamin Fernandes, has secured $50 million in credit financing to expand its global reach.

The financing is from Liquidity and MUFG-backed Mars Growth Capital.

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