Stablecoin FIntech Mansa Raises USD 10 M Seed For Cross-Border Payments

Stablecoin fintech Mansa has secured USD 10 M in seed funding, comprising USD 3 M in equity and USD 7 M in liquidity from institutional investors. The equity round was led by Tether, the world’s largest stablecoin provider, alongside Faculty Group, Octerra Capital, Polymorphic Capital, and Trive Digital.

Mansa provides stablecoin-backed liquidity to payment companies, enabling instant settlement and customer account funding, primarily in Africa, Latin America, and Southeast Asia. Its embedded pre-funding solution eliminates liquidity shortages that often slow down cross-border payments, reducing costs and improving cash flow for its clients. Last year, Mansa announced a partnership with Nigerian crypto trading platform Bitmama to boost cross-border payments.

Founded in 2023 by Mouloukou Sanoh (CEO) and Nkiru Uwaje (COO), the company leverages real-time transaction data instead of traditional collateral for underwriting. It sources liquidity at scale through DeFi platforms, quant funds, family offices, and hedge funds. Since launching six months ago, Mansa has processed nearly USD 31 M in payments, with a monthly growth rate of 37.5%. It currently has a USD 240 M total payment volume (TPV) run rate, aiming for USD 1 B by year-end.

Mansa’s partnership with Tether is crucial, as stablecoins gain traction in global payments. Despite regulatory scrutiny, Tether still commands 70% of the stablecoin market’s trading volume. Mansa is focused on regulatory compliance, with former HSBC and Franklin Templeton executives bolstering its oversight.

With clients across B2B payments, forex, remittances, and virtual cards, Mansa reports that businesses using its platform have seen a 30% increase in transaction volume and a 10% revenue boost. Looking ahead, the company aims to expand beyond lending into payouts, FX services, and a full-fledged on-chain payments platform, potentially becoming the “Stripe of stablecoin liquidity” in emerging markets.