MANSA Finance has raised $10 million in financing led by Tether and Polymorphic Capital. The startup uses stablecoins for cross border payments, in particular providing liquidity for those payments. Hence, $3 million of the funding was a pre-seed round with $7 million as liquidity financing. Other investors include Octerra Capital, Faculty Group, and Trive Digital.
“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.”
Today the clients of payment companies – consumers or businesses – expect fast or almost instant cross border payments. MANSA started by focusing on African payment corridors, which are exceptionally slow and expensive. The normal way for a payments firm to support instant payments is to pre-fund local bank accounts in the destinations that it supports. That is very capital intensive, and the more successful the payments firm becomes, the larger the balances it needs to keep.
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