rewrite this title MANSA Raises $10 Million for Blockchain-Based Payments – Finovate

Stablecoin payments provider MANSA has secured $10 million in funding.

Of today’s investment, $3 million in pre-seed funds come from Tether and Polymorphic Capital, and an additional $7 million are from institutional investors.

MANSA will use the funds to expand into Latin America and Southeast Asia.

Stablecoin-based payments solutions company MANSA has raised $10 million to help payment companies alleviate global liquidity challenges.

The $10 million consists of $3 million in pre-seed funds co-led by Tether and Polymorphic Capital with participation from Faculty Group, Octerra Capital, and Trive Digital. The additional $7 million comes from institutions, including corporate investors, quantitative funds, and alternative investment firms.

“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 MANSA CEO and Co-Founder Mouloukou Sanoh. “This funding accelerates our global expansion, enabling us to empower payment companies with seamless, real-time settlement infrastructure and drive the future of payments.”

MANSA will use the funds to support its expansion into Latin America and Southeast Asia, regions where liquidity challenges hinder cross-border transactions. The company plans to scale its liquidity infrastructure and develop strategic partnerships by expanding the reach of its cross-border payments liquidity solutions.

Co-founded by Mouloukou Sanoh and Nkiru Uwaje, MANSA offers stablecoin-powered liquidity solutions that help reduce prefunding requirements and enable instant settlement across markets. The company helps optimize treasury management by ensuring that liquid funds are always available when and where they are needed.

“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 Tether CEO Paolo Ardoino.

MANSA launched in August of 2024 and has since focused on building partnerships with major payment companies across Africa, Asia, and South America. These partnerships have resulted in MANSA processing $27 million in transaction volume, with nearly $11 million of that on-chain transaction volume occurring in January.

Photo by Magda Ehlers

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