Mansa closes $10M round for global payments

Mansa, a fintech firm specialising in cross-border payments using stablecoins, has secured $10 million in funding.

The funding round was led by Tether (CRYPTO:USDT), the issuer of USDT, with participation from Polymorphic Capital, Octerra Capital, Faculty Group, and Trive Digital.

The company raised $3 million in a pre-seed round and an additional $7 million in liquidity funding.

Mansa plans to use the funds to expand its operations in Latin America and Southeast Asia.

Mouloukou Sanoh, co-founder and CEO of Mansa, said the funding will help transform how money flows in the fiat world.

"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," Sanoh stated.

The funding will also enable Mansa to empower payment companies with real-time settlement infrastructure.

Since its launch in August 2024, Mansa has processed over $27 million in transaction volume, with nearly $11 million in January.

Mansa leverages stablecoins to reduce settlement delays and transaction costs.

The company's stablecoin-based solution helps import-heavy economies access digital dollars at scale, bypassing local currency restrictions.

"Stablecoins provide a viable alternative by enabling businesses to access digital dollars at scale, bypassing local currency restrictions and capital controls," Sanoh explained.

Mansa's model has shown positive results, with some payment service operators reporting a 30% rise in transaction volumes and a 10% boost in revenues after adopting the funding model.

Tether CEO Paolo Ardoino noted that Mansa's solutions align with Tether's vision of creating a faster and more inclusive financial environment.

Mansa has access to over $200 million in liquidity through its partner network.

ARK Invest's 2025 report stated that the annualised transaction value of stablecoins surpassed $15.6 trillion in 2024, which is 119% of Visa's and 200% of Mastercard's transaction values.