MANSA has announced the successful close of its $10 million funding round. The fintech which is a global fintech innovator in cross-border payments raised $3 million in a pre-seed funding. The 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 fintech company also secured an additional $7 million in liquidity funding from institutions, including corporate investors, quantitative funds, and alternative investment firms.
Co-founded by Mouloukou Sanoh and Nkiru Uwaje in August 2024, MANSA has deep expertise across traditional finance, payments, and Web3.
This marks a significant milestone for the company in its mission to alleviate liquidity challenges for payment companies worldwide. MANSA’s stablecoin-based solution offers payment providers in emerging and mature markets a flexible and reliable way to manage liquidity challenges in cross-border payments.
The funds will not only support MANSA’s further market expansion into Latin America and Southeast Asia but also facilitate the rollout of bespoke liquidity and ancillary solutions tailored to address complex cross-border payment 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.
Furthermore, he added, “This funding accelerates our global expansion, enabling us to empower payment companies with seamless, real-time settlement infrastructure and drive the future of payments.”
MANSA has over time gained traction by building partnerships with major payment companies across Africa, Asia, and South America. As a result, these strategic alliances have contributed to the proliferation of its instant liquidity solutions, leading to $27 million in transaction volume to date. In particular, nearly $11 million in on-chain transaction volume was recorded in January, reflecting a remarkable 574% growth from August 2024.
In addition, MANSA leverages stablecoins, thereby reducing settlement delays and transaction costs while simultaneously providing payment providers with the resources needed to scale their operations efficiently.
“MANSA’s vision for addressing liquidity challenges in cross-border payments aligns with our mission to create a more efficient and inclusive financial system,” said Paolo Ardoino, CEO of Tether. Specifically, he noted, “By leveraging USDT for real-time settlements and instant payouts, MANSA is solving critical pain points for payment companies operating in emerging markets. Consequently, we are proud to collaborate with MANSA and support their efforts to reshape global payment infrastructure.”
The newly secured funds will be instrumental in MANSA’s strategic expansion into Latin America and Southeast Asia – regions where liquidity challenges hinder cross-border transactions. MANSA intends to expand its reach and influence by enabling faster, more affordable payment solutions through scaling its liquidity infrastructure and developing strategic partnerships.
MANSA’s commitment to financial inclusion and innovation is consistent with its objective to transform cross-border payments. The company’s solutions are intended to 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.