Mansa Raises $10M for Stablecoin Payment Expansion

Mansa, a Dubai-based fintech specializing in cross-border payments using stablecoins, has successfully raised $10 million in funding to expand its services into Latin America and Southeast Asia. The funding round was led by Tether, with contributions from Polymorphic Capital, Octerra Capital, and others, including corporate investors and quantitative funds. Since its launch in August 2024, Mansa has processed over $27 million in transaction volume, demonstrating significant growth in its operations, particularly in regions facing liquidity challenges. Mansa's innovative approach utilizes stablecoins to provide real-time settlement solutions, effectively reducing delays and transaction costs for payment providers. The firm aims to empower businesses with seamless payment solutions, addressing the critical issues in cross-border transactions. Co-founders Mouloukou Sanoh and Nkiru Uwaje bring extensive experience in finance and web3 to the venture, positioning Mansa as a key player in the evolving payments landscape.