MANSA, a global fintech innovator in cross-border payments, has closed $10 million funding round to alleviate liquidity challenges for payment companies worldwide using its stablecoin-based solution.
MANSA has raised $3 million in a pre-seed funding round led by Tether and co-led by Polymorphic Capital with participation from other prominent investors, including Octerra Capital, Faculty Group, and Trive Digital. The additional $7 million in liquidity is funding from institutions, including corporate investors, quantitative funds, and alternative investment firms.
The firm will use the funds to further its market expansion into Latin America and Southeast Asia, alongside the rollout of bespoke liquidity and ancillary solutions tailored to address complex cross-border payments needs.
“Securing $10 million in pre-seed and liquidity funding marks a significant milestone in our mission to transform the way money moves. By bringing payments on-chain and leveraging efficient liquidity solutions, we are addressing critical challenges in cross-border transactions—making payments faster, cheaper, and more reliable worldwide” said Mouloukou Sanoh, CEO and Co-Founder of MANSA. “This funding accelerates our global expansion, enabling us to empower payment companies with seamless, real-time settlement infrastructure and drive the future of payments”
Launched in August 2024 by Mouloukou Sanoh and Nkiru Uwaje, MANSA has gained traction by building partnerships with major payment companies across Africa, Asia, and South America.
According to the firm, these strategic alliances have contributed to the proliferation of its instant liquidity solutions, resulting in $27 million in transaction volume to date, with nearly $11 million in on-chain transaction volume in January – reflecting a 574% growth from August 2024. MANSA leverages stablecoins, thereby reducing settlement delays and transaction costs, and giving payment providers the resources to scale their operations efficiently.
The firm works across traditional finance, payments, and Web3 and is transforming how money moves globally and building next-generation market infrastructure for payments and financial services. MANSA
“MANSA’s vision for addressing liquidity challenges in cross-border payments aligns with our mission to create a more efficient and inclusive financial system. By leveraging USDT for real-time settlements and instant payouts, MANSA is solving critical pain points for payment companies operating in emerging markets. We are proud to collaborate with MANSA and support their efforts to reshape global payment infrastructure.” said Paolo Ardoino, CEO of Tether.
Latin America and Southeast Asia face liquidity challenges hinder cross-border transactions, MANSA will scale its liquidity infrastructure and developing strategic partnerships to transform cross-border payments in the region and address global liquidity shortages and provide a faster, more accessible way for businesses and individuals to transact across borders.
Cross-border payments are at the heart of global commerce, yet many payment providers face significant liquidity shortages. These liquidity gaps can lead to delayed settlements and increased operational costs, particularly in emerging markets, where reliable and scalable solutions are scarce. Globally, the remittance already costs an average of 6.5% of the amount sent, disproportionately impacting developing regions. And with the total value of cross-border payments projected to hit $290.2 trillion annually by 2030, inefficiencies in the current system could cost businesses billions.
