UAE based MANSA raises $10 million led by Tether

UAE based MANSA raises $10 million led by Tether

UAE based MANSA, a fintech innovator in cross-border payments, has raised $10 million in its recent funding round led by Tether, the creator of USDT stablecoin. MANSA aims to alleviate liquidity challenges for payment companies worldwide.

The company’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.

MANSA 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 Octerra Capital, Faculty Group, and Trive Digital. The fintech company has secured an additional $7 million in liquidity funding from institutions, including corporate investors, quantitative funds, and alternative investment firms.

As per the press release the funds will support the company’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.

“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. MANSA leverages stablecoins, thereby reducing settlement delays and transaction costs, and giving payment providers the resources to scale their operations efficiently.

“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.

The newly secured funds will be instrumental in its strategic expansion into Latin America and Southeast Asia – regions where liquidity challenges hinder cross-border transactions. It intends to expand its reach and influence by enabling faster, more affordable payment solutions through scaling its liquidity infrastructure and developing strategic partnerships.

“Mansa is here to disrupt a massive traditional market with blockchain and the Web3 paradigm. Polymorphic supports extraordinary founders. The Mansa team is up to this incredible challenge. stated Vitaly Spassky, Managing Partner, Polymorphic Capital

“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.” added, Ashim Egunjobi, Managing Partner, Octerra Capital

UAE based InvoiceMate works with Mansa to offer liquidity for emerging market players

UAE based InvoiceMate works with Mansa to offer liquidity for emerging market players

Mansa, a DeFi liquidity provider for emerging markets has partnered with UAE based InvoiceMate, a blockchain and AI-powered invoice management and financing solution. As per the medium post, this collaboration aims to optimize the efficiency of liquidity provision to export and payments companies in emerging markets through Mansa’s decentralized credit financing protocol and InvoiceMate’s advanced AI-driven financing solution.

InvoiceMate provides detailed invoice verification, enabling liquidity providers to gain a comprehensive understanding of the risks and strengths associated with any issuance. Their privacy-preserving technology incorporates real-time data to validate and monitor invoice authenticity, generating dynamic credit scores with automated precision. In doing this both will bring emerging market financing on-chain, while still ensuring lenders can accurately quantify their risk.

By leveraging real-time data through a privacy-preserving infrastructure, InvoiceMate enables borrowers to validate their invoices from third-party sources, including bank accounts, loan tracking software, and custody solutions, all while maintaining data privacy.

Mansa sources DeFi liquidity from institutional and accredited investors to provide short-term liquidity to companies in the export and payments sectors, guided by their evolving credit scores.

Already, UAE based InvoiceMate in collaboration with The Internet Computer (ICP) blockchain has tokenized over 100 K invoices worth more than $220 million. InvoiceMate, is a platform for invoice tokenization recognized by Deloitte.