MANSA Secures $10 Million in Funding Led by Tether

Deal News | Feb 20, 2025 | Zawya

MANSA, a global fintech leader in cross-border payments, has closed a $10 million funding round, strengthening its mission to address liquidity challenges for payment companies worldwide. This funding is split between $3 million in pre-seed equity funding, led by Tether and supported by Polymorphic Capital, Octerra Capital, Faculty Group, and Trive Digital, as well as $7 million in liquidity from quantitative funds and alternative investment firms. MANSA plans to use these funds to expand into Latin America and Southeast Asia, which are regions facing significant liquidity hurdles in cross-border transactions. They utilize a stablecoin-based solution to minimize settlement delays and transaction costs, thereby escalating the efficiency of cross-border payments. Since its launch, MANSA has secured partnerships with payment companies across Africa, Asia, and South America, achieving $27 million in transaction volume and a notable growth rate. The firm aims to disrupt the traditional payment ecosystem by offering real-time settlement infrastructure and transforming global payments.

Sectors

  • Financial Technology
  • Cross-Border Payments
  • Blockchain and Cryptocurrency

Geography

  • Global – MANSA is described as a global fintech company tackling worldwide liquidity challenges in cross-border payments.
  • Latin America – MANSA plans to expand its market presence to Latin America to address regional liquidity challenges in cross-border payments.
  • Southeast Asia – Southeast Asia is a targeted region for MANSA's expansion, presenting significant opportunities to tackle cross-border payment inefficiencies.
  • Africa – MANSA has established partnerships with payment companies across Africa, contributing to the growth of its instant liquidity solutions.

Industry

  • Financial Technology – The industry involved is Financial Technology as MANSA provides innovative fintech solutions for cross-border payments using blockchain and stablecoins.
  • Cross-Border Payments – The article discusses MANSA's efforts to address liquidity challenges in cross-border payments, a sub-sector of financial services that deals with international transactions.
  • Blockchain and Cryptocurrency – The industry is relevant due to MANSA's use of stablecoins and blockchain technology to improve payment processing and liquidity management.

Financials

  • $10 million – Total funding secured by MANSA in its latest round, including $3 million pre-seed and $7 million in liquidity funding.
  • $3 million – Pre-seed funding raised by MANSA, led by Tether and other prominent investors.
  • $7 million – Liquidity funding secured to support MANSA's market expansion initiatives.
  • $27 million – Total transaction volume handled by MANSA to date, illustrating significant adoption and growth.

Participants

NameRoleTypeDescription
MANSATargetCompanyMANSA is a fintech innovator focused on solving cross-border payment liquidity challenges through stablecoin-based solutions.
TetherLead InvestorCompanyTether led the $3 million pre-seed funding round, supporting MANSA's innovative approach to cross-border payments.
Polymorphic CapitalCo-Lead InvestorCompanyPolymorphic Capital co-led MANSA's pre-seed funding round with a focus on blockchain and Web3 innovations.
Octerra CapitalInvestorCompanyInvestor in MANSA, supporting the fintech's efforts to bridge payment gaps in emerging markets.
Faculty GroupInvestorCompanyFaculty Group was one of the first investors in MANSA, focusing on leadership and potential in emerging markets.
Trive DigitalInvestorCompanyBacking MANSA with focus on stablecoins and global payment infrastructure.
Mouloukou SanohCo-Founder/CEOPersonCEO of MANSA, instrumental in leading the company’s mission to transform global payment systems.
Nkiru UwajeCo-FounderPersonCo-Founder of MANSA, contributing expertise in traditional finance and fintech.