In a strategic move to enhance global payment solutions, Tether, the issuer of the widely used stablecoin USDT, has spearheaded a $10 million funding round for MANSA, a fintech company specializing in cross-border payment services. This investment aims to address liquidity challenges in international transactions, particularly benefiting businesses in emerging markets. This pre-seed funding was co-led by was Polymorphic Capital, with other participants including Octerra Capital, Faculty Group, and Trive Digital
Reacting to the funding round, Polymorphic posted on X:
“Excited to announce our investment in MANSA_FI! MANSA is transforming global payments with its liquidity platform, enabling real-time settlements and instant payouts via stablecoins. By eliminating banking delays and reducing costs, MANSA empowers payment providers to deliver faster, more efficient cross-border transactions — redefining the movement of money worldwide”
MANSA’s Rapid Growth and Global Expansion Plans
Founded in August 2024 by Mouloukou Sanoh and Nkiru Uwaje, MANSA has swiftly positioned itself as a leading provider of on-chain liquidity solutions aimed at transforming cross-border payments. The fintech platform leverages stablecoins to offer businesses and individuals faster, more affordable international transactions, directly addressing the liquidity issues plaguing traditional financial systems.
In less than a year since its inception, MANSA has processed over $27 million in transaction volume, with nearly $11 million handled in January 2025 alone. This exponential growth highlights the surging demand for efficient and reliable payment infrastructures, particularly in regions grappling with currency volatility and limited access to traditional banking services.
With the recent $10 million funding round led by Tether, MANSA is now set to expand its reach into Latin America and Southeast Asia—regions where liquidity challenges often hinder smooth cross-border transactions. The company aims to scale its liquidity infrastructure, making cross-border payments more accessible, affordable, and efficient.
The strategic expansion plan includes forming key partnerships with local businesses and fintech firms to strengthen MANSA’s presence in these markets. By focusing on regions underserved by traditional banking, MANSA hopes to bridge the financial gap and provide real-time settlements and instant payouts through stablecoins like USDT.
“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.
Industry Trends and Market Impact
The collaboration between Tether and MANSA is a pointer to the growing trend of utilizing stablecoins to overcome liquidity challenges in cross-border payments. Stablecoins like USDT offer a viable alternative to traditional banking systems, especially in regions with unstable local currencies or stringent capital controls. By providing a stable digital currency pegged to the US dollar, businesses can conduct seamless international transactions, thereby fostering economic growth and financial stability.
Quick Facts:
- Investment Details: Tether leads a $10 million funding round for MANSA to enhance cross-border payment solutions.
- Company Growth: Since its launch in August 2024, MANSA has processed over $27 million in transactions, indicating robust demand for its services.
- Expansion Focus: The funding will support MANSA’s growth into Latin America and Southeast Asia, regions facing significant cross-border payment challenges.
- Strategic Alignment: This investment aligns with Tether’s mission to promote financial inclusion and support innovative payment infrastructures globally.
