We are incredibly excited to announce that MANSA has raised $10M, led by @Tether_to and @polymorphiccap , to revolutionize cross-border payments with with stablecoin-based liquidity solutions. pic.twitter.com/4MP80jLtZV
— MANSA (@MANSA_FI) February 20, 2025
MANSA 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, including:
The fintech company has 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 roll-out of bespoke liquidity and ancillary solutions tailored to address complex cross-border payments needs.
Co-founded by Mouloukou Sanoh and Nkiru Uwaje, MANSA has deep expertise across traditional finance, payments, and Web3. The team shares a passion for innovation and is committed to transforming how money moves globally and building next-generation market infrastructure for payments and financial services.
“Securing $10 million in pre-seed and liquidity funding marks a significant milestone in our mission to transform the way money moves.
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 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”
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% growth from August 2024, with access to over $200 million in liquidity through its partner network. The fintech claims it doesn’t have any defaults so far.
Similarly, its transaction volume has surged since launching six months ago, from $1.6 million last August to $11 million in January, compounding at a monthly growth rate of 37.5%. It has processed nearly $31 million in that period. The company expects to reach a $1 billion total payment volume (TPV) run rate this year, up from its current $240 million run rate, Sanoh disclosed.
MANSA leverages stablecoins, thereby reducing settlement delays and transaction costs, and giving payment providers the resources to scale their operations efficiently.
Total on-chain volume in just 6 months for @MANSA_FI – a stablecoin-based liquidity service provider for emerging markets like Africa pic.twitter.com/TEvxeDUj3g
— BitKE (@BitcoinKE) February 20, 2025
“MANSA’s vision for addressing liquidity challenges in cross-border payments aligns with our mission to create a more efficient and inclusive financial system.
By leveraging USDT for real-time settlements and instant payouts, MANSA is solving critical pain points for payment companies operating in emerging markets.
We are proud to collaborate with MANSA and support their efforts to reshape global payment infrastructure.” Said Paolo Ardoino, CEO of Tether.
Globally, sending remittances costs an average of 6.65% of the amount sent.
On a regional outlook, Sub-Saharan Africa remains the most expensive region to send money to, says @WorldBank https://t.co/jJpHsobWHo @WorldBankKenya pic.twitter.com/OKPl74uGlk
— BitKE (@BitcoinKE) February 20, 2025
The newly secured funds will be instrumental in MANSA’s strategic expansion into Latin America and Southeast Asia – regions where liquidity challenges hinder cross-border transactions. MANSA intends to expand its reach and influence by enabling faster, more affordable payment solutions through scaling its liquidity infrastructure and developing strategic partnerships.
Ashim Egunjobi, Managing Partner, Octerra Capital, said:
“We are incredibly excited to have been the first investor in Mansa.
Our decision to invest was driven primarily by our strong confidence in the leadership team, and we are certain they will continue to validate our belief.
Additionally, we are thrilled about the future of crypto payments and Mansa’s potential to make transactions in emerging markets faster, cheaper, and more efficient.”
Cumulative on-chain volume for @MANSA_FI as of February 2025 pic.twitter.com/0gS37MjQlK
— BitKE (@BitcoinKE) February 20, 2025
MANSA’s commitment to financial inclusion and innovation is consistent with its objective to transform cross-border payments. The company’s solutions are intended to address global liquidity shortages and provide a faster, more accessible way for businesses and individuals to transact across borders.
Sebastian Cheek, Head of Investment, TRIVE Digital, said:
“MANSA addresses a fundamental liquidity challenge in cross-border payments, leveraging stablecoins to create more efficient and accessible financial rails.
TRIVE Digital backs visionary founders building the future of Web3, and we are excited to support the MANSA team as they drive transformative impact in the global payments industry.”
Cross-border payments are at the heart of global commerce, yet many payment providers face significant liquidity shortages. These liquidity gaps can lead to delayed settlements and increased operational costs, particularly in emerging markets, where reliable and scalable solutions are scarce.
Vitaly Spassky, Managing Partner, Polymorphic Capital, said:
“We invested in MANSA because of their bold, diverse, high-caliber team of visionary founders addressing critical challenges faced by payments companies in Emerging Markets.
We firmly believe that decentralized finance and asset tokenization are game-changing frontier technologies. With immense market potential in emerging economies, MANSA is uniquely positioned to drive transformative impact and bridge the credit gap across Africa. “
Globally, the remittance already costs an average of 6.5% of the amount sent, disproportionately impacting developing regions. And with the total value of cross-border payments projected to hit $290.2 trillion annually by 2030, inefficiencies in the current system could cost businesses billions.
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