Stablecoin issuer Tether has led a $10 million funding round for cross-border fintech firm MANSA, aiming to improve liquidity solutions for global payments. Other investors in the round include Polymorphic Capital, Octerra Capital, and Faculty Group.
In a February 20 press release, Dubai-based MANSA announced additional backing from institutions, corporate investors, and alternative funds. With this fresh capital, the company plans to expand its services in Latin America and Southeast Asia, where liquidity constraints often hinder cross-border transactions.
Transforming Cross-Border Transactions
MANSA’s CEO, Mouloukou Sanoh, described the funding as a major milestone in the company’s efforts to modernize international payments.
“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 Sanoh.
Founded in August 2024 by Sanoh and Nkiru Uwaje, MANSA has facilitated $27 million in transaction volume to date, including $11 million in on-chain volume recorded in January alone. The company’s approach focuses on using blockchain technology to enhance liquidity and efficiency in the global payments sector.
Stablecoins and Their Role in Global Finance
The growing use of stablecoins in emerging markets has reinforced the need for innovative cross-border solutions. In an October report, blockchain forensic firm Chainalysis highlighted that stablecoins now represent about 43% of Sub-Saharan Africa’s crypto transaction volume, underscoring their increasing role in financial ecosystems.
In countries grappling with currency instability and limited access to U.S. dollars, dollar-pegged stablecoins like Tether have become a viable alternative. These digital assets help businesses and individuals store value, conduct international payments, and support trade across borders.
With Tether’s backing and a strong focus on solving liquidity challenges, MANSA is well-positioned to expand its influence in emerging markets. The company’s commitment to on-chain payments and blockchain-based liquidity solutions could reshape cross-border transactions, making them more accessible and efficient for businesses worldwide.
