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  1. Mubasher News
  2. MANSA secures $10mn to tackle liquidity challenges in global payments

MANSA secures $10mn to tackle liquidity challenges in global payments

GHADA.ISMAIL
Feb 20, 2025
The fresh capital supports MANSA's mission to make cross-border payments faster, cheaper, and more reliable

Dubai – Sharikat Mubasher: Emirati Global fintech innovator MANSA announced the closure of a $10 million funding round to enhance liquidity solutions for cross-border payments.

As per a recent press release, the funding includes a $3 million pre-seed round led by Tether and co-led by Polymorphic Capital, alongside investors like Octerra Capital, Faculty Group, and Trive Digital.

Additionally, MANSA secured $7 million in liquidity funding from corporate investors, quantitative funds, and alternative investment firms.

The investment will fuel MANSA’s expansion into Latin America and Southeast Asia while advancing its stablecoin-based liquidity solutions for payment providers in both emerging and established markets.

Founded by Mouloukou Sanoh and Nkiru Uwaje, MANSA specializes in bridging traditional finance with Web3 to streamline the global money movement. Since launching in August 2024, the company has processed $27 million in transactions, with $11 million in on-chain volume in January alone—marking a 574% growth since its launch.

On this occasion, Mouloukou Sanoh, MANSA’s CEO and Co-Founder said: “This funding accelerates our mission to make cross-border payments faster, cheaper, and more reliable.”

Paolo Ardoino, Tether CEO emphasized the importance of MANSA’s work, stating that its USDT-powered real-time settlements help payment companies in emerging markets overcome liquidity challenges and build a more efficient global payment infrastructure.

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MANSA
fintech
fundraising
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