Quick take:
- Tether and Polymorphic Capital co-led the pre-seed round, which included participation from Octerra Capital, Faculty Group, and Trive Digital.
- The funds will be used for expansion in Latin America and Southeast Asia and the rollout of its liquidity and ancillary solutions tailored to address complex cross-border payments needs.
- The company claims to have facilitated over $27 million in transaction volume to date, with nearly $11 million in on-chain transaction volume in January.
MANSA, a cross-border payments solutions provider has raised $10 million in a funding round. The fundraising included a $3 million pre-seed round co-led by the world’s biggest crypto company, Tether, and Polymorphic Capital. Octerra Capital, Faculty Group, and Trive Digital also participated.
An additional seven million in liquidity funding came from institutions including corporate investors, quantitative funds and alternative investment firms, according to a press release shared with NFTgators.
MANSA plans to use the capital to accelerate its global growth in Latin America and Southeast Asia by scaling its stablecoin-based liquidity infrastructure and developing strategic partnerships.
Commenting on the fundraising, Mouloukou Sanoh, CEO and Co-Founder of MANSA said in a statement: “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.”
Co-founded by Mouloukou Sanoh and Nkiru Uwaje in 2024, MANSA claims to have already facilitated over $27 million in transaction volume, including nearly $11 million in on-chain transaction volume in January.
The company’s stablecoin-based solution improves cross-border payments by reducing settlement delays and transaction costs and giving payment providers the resources to scale their operations efficiently.
Paolo Ardoino, CEO of Tether commented: “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.”
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