Investment Company, Mansa, Bolsters Growth in Latin America and Southeast Asia through $10 Million Funding, Orchestrated by Tether
MANSA, a cross-border payments solutions provider, has successfully raised $10 million in a funding round. The investment, led by Tether and Polymorphic Capital, will be used to expand MANSA's network and capabilities in the real-time, local currency cross-border payments space.
Expanding Across Africa and Beyond
MANSA is focusing on deepening its presence in Africa's expanding real-time cross-border payment corridors. The company is actively involved in projects enabling real-time payments in multiple countries, with Morocco now joining as the 17th country to adopt such systems. This expansion reflects MANSA's commitment to contributing to the payment network in the region.
The company is also looking beyond Africa, potentially into Asia and the Middle East, aligning with emerging fintech trends and regional market growth dynamics related to stablecoin and digital currency-based cross-border payments.
Enhancing Interoperability and Leveraging Stablecoins
MANSA is leveraging the growing demand for interoperable payment systems that support seamless, instant cross-border payments tailored to local currencies. This focus aligns with broader digital integration initiatives by regional bodies such as the East African Community and IGAD.
MANSA's stablecoin-based solution aims to reduce settlement delays and transaction costs in cross-border payments, making it an efficient choice for payment providers looking to scale their operations.
Strategic Partnerships and Global Growth
MANSA plans to use the capital to scale its stablecoin-based liquidity infrastructure and develop strategic partnerships. The company has already facilitated over $27 million in transaction volume, with nearly $11 million in on-chain transaction volume in January alone.
Notable partnerships include those with digital wallet operators and financial institutions, which will help MANSA solve interoperability challenges in cross-border payments. This is a critical step towards unlocking global commerce by connecting local payment ecosystems worldwide.
A Significant Milestone
Mouloukou Sanoh, CEO and Co-Founder of MANSA, commented on the fundraising, stating that it marks a significant milestone in the company's mission to transform the way money moves. The funding round included a $3 million pre-seed round co-led by Tether and Polymorphic Capital, with additional participation from Octerra Capital, Faculty Group, Trive Digital, and other institutions.
Paolo Ardoino, CEO of Tether, commented on MANSA's solution, stating that it aligns with Tether's mission to create a more efficient and inclusive financial system. Tether supports MANSA's use of USDT for real-time settlements and instant payouts.
With this funding, MANSA aims to accelerate its global growth, particularly in Latin America and Southeast Asia, positioning itself at the forefront of next-generation cross-border payment innovation supported by stablecoin and fintech capital partnerships.
- To further enhance its capabilities, MANSA intends to use the raised funding to actively explore and invest in technology and resources that support stablecoin-based cross-border transactions, thereby expanding into Asia and the Middle East.
- Seeking to leverage the potential of digital currencies and stablecoins, MANSA aims to capitalize on news related to fintech trends and emerging market growth dynamics to enhance the interoperability of their payment systems and contribute to the development of seamless, real-time cross-border payment networks worldwide.
