Mansa, a Dubai, UAE-based cross-border payments platform provider, raised $10M in funding.
The round consisted of:
- a $3m in 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;
- and an additional $7m in liquidity funding from institutions, including corporate investors, quantitative funds, and alternative investment firms.
The company intends to use the funds to further market expansion into Latin America and Southeast Asia and expand its reach and influence by enabling more payment solutions through scaling its liquidity infrastructure and developing strategic partnerships.
Co-founded by Mouloukou Sanoh and Nkiru Uwaje, Mansa is a global fintech payments company providing liquidity solutions, through stablecoins. It enables payment providers to deliver enhanced cross-border transactions offering on-chain liquidity to enable payment providers to have adequate funding to facilitate cross-border settlements for individuals and businesses.
Since its launch in August 2024, the company has gained traction by building partnerships with major payment companies across Africa, Asia, and South America. These strategic alliances have contributed to the proliferation of its instant liquidity solutions, resulting in $27m in transaction volume to date, with nearly $11m in on-chain transaction volume in January – reflecting a 574% growth from August 2024.
FinSMEs
20/02/2025