Dubai-based fintech firm MANSA has closed a $10 million funding round, marking a significant milestone in its global mission to solve liquidity challenges for payment providers.
According to a blog post on February 20, The investment, led by Tether and co-led by Polymorphic Capital, saw participation from Octerra Capital, Faculty Group, and Trive Digital, along with contributions from corporate investors, quantitative funds, and alternative investment firms.
The funding consists of $3 million in pre-seed capital and an additional $7 million in liquidity funding, fueling MANSA’s expansion into Latin America and Southeast Asia. These regions, where liquidity constraints often hinder cross-border payments, will benefit from MANSA’s stablecoin-powered liquidity solutions, designed to make transactions faster, cheaper, and more reliable.
The company, which launched in August 2024 under the leadership of Mouloukou Sanoh and Nkiru Uwaje, aims to revolutionize international payments by integrating on-chain solutions for faster, cheaper, and more reliable transactions.
“This funding marks a significant milestone in our mission to transform the way money moves,”
said Sanoh.
“By bringing payments on-chain and leveraging efficient liquidity solutions, we are addressing critical challenges in cross-border transactions.”
MANSA has facilitated $27 million in transactions, with $11 million occurring on-chain in January 2025, reflecting a 574% growth since its launch. The platform utilizes stablecoins for real-time settlements and instant payouts to eliminate settlement delays and reduce transaction costs for payment providers in Africa, Asia, and South America. Tether supports MANSA’s mission, highlighting its efforts to enhance financial inclusion and efficiency in emerging markets.
Notably, MANSA’s expansion came when cryptocurrency adoption in the Middle East and North Africa (MENA) region gained momentum. Recently, it reportedly became the seventh-largest global cryptocurrency market. Between July 2023 and June 2024, MENA received $338.7 billion in cryptocurrencies, representing 7.5% of the global on-chain value, indicating a significant reliance on digital assets for cross-border transactions.
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