Mansa’s Stablecoin Revolution: $10 Million Raised for Faster, Cheaper Payments

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Fintech firm Mansa, backed by stablecoin issuer Tether, has recently secured funding of more than $10 million with the goal of further expanding cross-border stablecoin payments.

In a pre-seed round led by Tether, Mansa raised a total of $3 million co-led by Polmorphic Capital, along with participation from Trive Digital and Octerra Capital Faculty Group. Additionally, the firm also raised $7 million in liquidity funding from institutions, which includes quantitative investment funds, corporate investors, etc. to support Mansa’s market expansion across Southeast Asia and Latin America.

Mouloukou Sanoh, the company’s co-founder and CEO, said: “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.”

Tether-backed Mansa Makes Quick Progress

Within six months of its launch in August 2024, Mansa’s stablecoin-based payments solution facilitated over $27 million in on-chain transaction volume, including nearly $11 million in January alone.

As per the data from Ark Invest’s 2025 report, the annualized transaction value of stablecoins exceeded $15.6 trillion in 2024. This represents approximately 119% of Visa’s volume and 200% of Mastercard’s.

Source: Ark Invest

Mansa leverages stablecoins for cross-border payments, enabling the company to minimize settlement delays and lower transaction costs. The firm’s stablecoin-based solution offers a potential remedy for import-dependent economies facing a “severe shortage” of fiat US dollars, which has complicated global payment processes. Speaking on this matter, Sanoh said:

$10 Million Raised for Faster, Cheaper Payments 💸💸

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2025-02-20 16:02