- Cross-border payment startup raised $3 million in pre-seed funding and $7 million in liquidity financing from Tether and others.
- Solution leverages stablecoins to facilitate faster international payments while reducing pre-funding requirements.
- Company processed $30 million in on-chain volume since launch in late 2023.
- Strategic partnerships established across Africa, Asia, and South America for local payment processing.
- Enters competitive market alongside established players like Ripple‘s On Demand Liquidity and Arf.
African-focused cross-border payment startup MANSA Finance has secured $10 million in combined pre-seed and liquidity financing, with stablecoin issuer Tether and Polymorphic Capital leading the round. The funding aims to enhance the company’s stablecoin-based payment infrastructure for emerging markets.
“Securing $10 million in pre-seed and liquidity funding marks a significant milestone in our mission to transform the way money moves,” stated Mouloukou Sanoh, CEO and Co-Founder of MANSA Finance. The investment included participation from Octerra Capital, Faculty Group, and Trive Digital.
MANSA’s solution addresses a critical challenge in cross-border payments: the capital-intensive requirement for payment companies to pre-fund local bank accounts in destination countries. By utilizing stablecoins, particularly USDT, the platform enables payment companies to execute faster international transfers without maintaining large cash reserves.
The startup’s innovation lies in its two-pronged liquidity approach. First, it bridges the timing gap between when recipients receive payments and when payers complete their transactions. Second, it provides necessary liquidity for converting USD stablecoins into local currencies through its established network of payment partners.
According to public blockchain data available on Dune Analytics, MANSA has processed $30 million in on-chain volume since its launch in late 2023, representing approximately $18 million in payments and $12 million in repayments. The platform sources its liquidity through a combination of DeFi protocols and institutional investors.
The cross-border payment optimization space has become increasingly competitive, with established players like Ripple‘s On Demand Liquidity and Arf offering similar solutions. However, MANSA’s focus on emerging markets, particularly African payment corridors, where traditional transfers remain slow and expensive, positions it uniquely in this growing sector.
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