MANSA, the Dubai-based global fintech innovator in cross-border payments, announced the successful closure of its $10 million funding round.
The company said it has raised $3 million in a pre-seed funding round led by Tether and co-led by Polymorphic Capital with participation from other prominent investors.
The fintech company said it has also secured an additional $7 million in liquidity funding from institutions, including corporate investors, quantitative funds, and alternative investment firms.
The funds will support MANSA’s further market expansion into Latin America and Southeast Asia, alongside the rollout of bespoke liquidity and ancillary solutions tailored to address complex cross-border payments needs, the company said.
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.
“Securing $10 million in pre-seed and liquidity funding marks a significant milestone in our mission to transform the way money moves,” said Mouloukou Sanoh, CEO and Co-Founder of MANSA.
“This funding accelerates our global expansion, enabling us to empower payment companies with seamless, real-time settlement infrastructure and drive the future of payments,” he said.
Sanoh said by bringing payments on-chain and leveraging efficient liquidity solutions, the company will be addressing critical challenges in cross-border transactions – making payments faster, cheaper, and more reliable worldwide.
Since its launch in August 2024, MANSA 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 $27 million in transaction volume to date, with nearly $11 million in on-chain transaction volume in January – reflecting a 574 per cent growth from August 2024, the company said.
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