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Dubai-based fintech startup MANSA has successfully secured $10 million in funding to enhance liquidity solutions for cross-border payments. The funding round, comprising both equity and debt financing, was co-led by Polymorphic Capital, with participation from Octerra Capital, Faculty Group, and Trive Digital. Notably, stablecoin provider Tether contributed a $3 million equity investment, reinforcing its commitment to advancing digital payment infrastructure.
Expanding Global Footprint
With this fresh capital, MANSA aims to scale beyond Africa, targeting Latin America and Southeast Asia, where businesses face similar liquidity constraints. The company offers real-time liquidity solutions, eliminating the reliance on traditional collateral-backed lending. Instead, MANSA leverages transaction data to underwrite loans, providing payment providers with a more flexible and efficient financing model.
Highlighting its strategic partnership with Tether, MANSA’s CEO, Mouloukou Sanoh, stated:
“We are working closely with Tether to position it as the primary stablecoin in emerging markets.”
Founded by Mouloukou Sanoh and Nkiru Uwaje, MANSA has quickly emerged as a key player in the payments sector. Sanoh, a seasoned investor in African fintech startups, previously worked at web3 VC firm Adaverse. Uwaje, formerly an innovation manager at SWIFT, also spearheaded blockchain strategy for Dell in the UK and Ireland.
Tackling a $290 Trillion Market Opportunity
The global cross-border payments market is projected to reach $290.2 trillion annually by 2030, with inefficiencies causing significant financial losses for businesses. MANSA aims to bridge this gap by ensuring seamless liquidity solutions that enable faster and more cost-effective transactions for payment providers.
To further support its international expansion, MANSA has secured an additional $7 million in liquidity funding from corporate investors, quantitative funds, and hedge funds.
Rapid Growth and Market Impact
Since launching in August 2024, MANSA has witnessed exponential growth. The company’s monthly transaction volume surged from $1.6 million in its first month to $11 million by January 2025, representing a compounded monthly growth rate of 37.5%. To date, it has processed nearly $31 million in transactions and is on track to reach a $1 billion total payment volume run rate by the end of the year.
Tether CEO Paolo Ardoino praised MANSA’s role in transforming global payments, stating:
“We are proud to collaborate with MANSA and support their efforts to reshape global payment infrastructure.”
Beyond liquidity solutions, MANSA is making significant investments in regulatory compliance. The company has onboarded industry veterans, including the former head of HSBC North Asia and the chief legal officer of Franklin Templeton, to strengthen its oversight and governance. Compliance measures include:
- AML (Anti-Money Laundering) checks
- KYC (Know Your Customer) & KYB (Know Your Business) verification
- Transaction monitoring
- Blockchain analytics tools
The Road Ahead: Expanding into New Financial Services
While liquidity provision remains its core focus, MANSA has ambitious plans to expand its offerings.
“We aim to be the leading liquidity provider for the largest payment companies in emerging markets,” said Sanoh. “From there, we’ll expand into handling payouts, foreign exchange, and other financial services, creating an all-in-one payments platform.”
MANSA’s growing client base includes B2B payment platforms, virtual card providers, stablecoin infrastructure companies, forex platforms, and remittance firms. Clients utilizing MANSA’s liquidity solutions have reported a 30% increase in transaction volumes and a 10% rise in revenue.
Investor Confidence in MANSA’s Vision
Vitaly Spassky, Managing Partner at Polymorphic Capital, highlighted MANSA’s disruptive potential, stating:
“MANSA is tackling a massive, traditional market with blockchain and Web3 innovation. The team is well-equipped for this challenge.”Echoing this sentiment, Ashim Egunjobi, Managing Partner at Octerra Capital, added:
“We invested in MANSA because of its high-caliber team addressing critical liquidity challenges in emerging markets. Decentralized finance and asset tokenization are game-changing technologies, and MANSA is uniquely positioned to drive real impact.”
As MANSA continues its rapid expansion, it is set to revolutionize global payments, making cross-border transactions seamless, cost-effective, and accessible for businesses across emerging economies.
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