MANSA Raises $10 Million for Blockchain-Based Payments
Summary
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. 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. 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.