Tether leads $10m funding round for cross-border fintech provider MANSA

Stablecoin Stether’s issuer supports the funding of $ 10 million in Mansa in order to rationalize liquidity for world payments.

The Company Transfrontalière Fintech Mansa, focused on the resolution of liquidity challenges in payments, has obtained $ 10 million in a financing tour led by AttachedWith additional investors support such as Polymorphic Capital, Octerra Capital and Faculty Group.

In a press release of February 20, the company based in Dubai said that it had also collected funds from institutions, business investors and alternative funds. With funding, Mansa wishes to extend its services to Latin America and Southeast Asia, where liquidity problems often slow down cross-border payments, explains the company. Mansa’s chief executive officer Mouloukou Sanoh said that funding marks “an important step in our mission to transform the way money moves”.

“By providing payments on the chain and taking advantage of effective liquidity solutions, we take up critical challenges in cross -border transactions – making payments faster, cheaper and more reliable worldwide.”

Mouloukou Sanoh

Launched in August 2024 by Mouloukou Sanoh and Nkiru Uwaje, Mansa claims that its liquidity solutions have facilitated the volume of transactions of $ 27 million, with a volume of $ 11 million in the lead recorded in January only.

In early October, Blockchain Firm Firm Stracysis reported That stablecoins have become a crucial element of the cryptographic economy of sub -Saharan Africa, representing approximately 43% of the total volume of transactions in the region.

As indicated by Crypto.News earlier, in countries faced with unstable local currencies and limited access to US dollars, stablecoins in Pius as Tether have gained ground. They offer companies and individuals a way to store value, to facilitate international payments and to support cross -border trade.