Investment firm MANSA intensifies growth in Latin America and Southeast Asia, securing $10 million in funding, primarily from Tether.
In a strategic move, MANSA, a cross-border payments solutions provider, has secured $10 million in funding led by Tether and Polymorphic Capital. This investment will propel MANSA's growth in Latin America and Southeast Asia, regions with increasing demand for faster, cheaper cross-border payment solutions facilitated by stablecoins.
Co-founded by Mouloukou Sanoh and Nkiru Uwaje in 2024, MANSA has already demonstrated strong product adoption and scaling potential. Since its launch in August 2024, the company has facilitated over $27 million in transactions, with a significant growth in on-chain transaction volume, increasing by 574% between August 2024 and January 2025.
The funding, which primarily supports expansion into new geographical markets, will be used to enhance MANSA's cross-border payment solutions. By enabling instant settlement of cross-border transactions and customer account funding through stablecoins, MANSA aims to disrupt traditional cross-border payments with faster, cost-efficient, and more liquid transfer capabilities.
Tether's CEO, Paolo Ardoino, stated that MANSA's vision for addressing liquidity challenges in cross-border payments aligns with their mission to create a more efficient and inclusive financial system. The funding round also saw participation from Octerra Capital, Faculty Group, Trive Digital, and additional institutional investors including corporate investors, quantitative funds, and alternative investment firms, amounting to an additional $7 million in liquidity funding.
Mouloukou Sanoh, CEO and Co-Founder of MANSA, commented on the fundraising, stating that it marks a significant milestone in their mission to transform the way money moves. The funds will be used for expansion in Latin America and Southeast Asia, regions with growing demand for cross-border payment solutions.
With the new funding, MANSA plans to scale its stablecoin-based liquidity infrastructure and develop strategic partnerships. The company uses USDT for real-time settlements and instant payouts, addressing critical pain points for payment companies operating in emerging markets.
The pre-seed round was co-led by Tether and Polymorphic Capital, signalling confidence in MANSA's potential to revolutionise cross-border payments. With this investment, MANSA is poised to bring its efficient, cost-effective, and liquid stablecoin-based cross-border payment solutions to more markets, empowering businesses to scale their operations efficiently.
- The new funding will help MANSA, the cross-border payments solutions provider, to scale its stablecoin-based liquidity infrastructure and forge strategic partnerships in business sectors.
- In addition to the $10 million secured from Tether and Polymorphic Capital, the funding round also attracted participation from Octerra Capital, Faculty Group, Trive Digital, and other institutional investors, adding an additional $7 million for liquidity.
- With the investment, MANSA aims to leverage technology to disrupt traditional cross-border finance by offering faster, cost-efficient, and more liquid transfer capabilities through stablecoins, a resource beneficial for investing and growing businesses worldwide.
