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Tether Leads MANSA’s $10M Funding Round to Boost Global Expansion

Thu, 20 Feb 2025, 11:49 am UTC

Tether Leads MANSA’s $10M Funding Round to Boost Global Expansion.

Cross-border payment firm MANSA has secured $10 million in funding, with Tether leading the round. This follows Tether’s $3 million pre-seed investment, reaffirming its commitment to MANSA’s vision of enhancing global payment liquidity through USDT stablecoin. Other investors in the pre-seed round included Polymorphic Capital, Octerra Capital, Faculty Group, and Trive Digital. Additionally, MANSA has secured $7 million in liquidity funding from institutional investors.

MANSA specializes in onchain liquidity solutions, leveraging USDT to enable instant, seamless cross-border transactions. Tether CEO Paolo Ardoino emphasized MANSA’s role in improving financial efficiency, particularly in emerging markets where businesses struggle with payment delays. He highlighted USDT’s potential to offer real-time settlements and instant payouts.

Since launching in August 2024, MANSA has processed approximately $31 million in transactions, partnering with payment firms across Africa, Asia, and South America. With the latest funding, MANSA plans to expand into Latin America and Southeast Asia, regions facing persistent liquidity challenges in international payments.

By integrating blockchain technology and stablecoins, MANSA aims to redefine cross-border payments, offering businesses faster, more accessible solutions. This funding milestone reinforces its mission to drive financial inclusion and global payment innovation.

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Great article. Requesting a follow-up. Excellent analysis.

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Great article. Requesting a follow-up. Excellent analysis.
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