Coinspeaker
Mansa, Tether-backed Fintech, Raises $10 Million to Push Stablecoin Payments
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.
Mansa plans to leverage the $10 million funding to revolutionize the flow of money in the fiat economy, according to Mouloukou Sanoh, the company’s co-founder and CEO. He added:
“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.”
The CEO also added that the firm will leverage the recent funding to “empower payment companies with seamless, real-time settlement infrastructure.”
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.
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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:
“Stablecoins provide a viable alternative by enabling businesses to access digital dollars at scale, bypassing local currency restrictions and capital controls. By transacting onchain, businesses can conduct seamless cross-border payments without the inefficiencies of traditional financial systems.”
Stablecoins are gaining major traction in global finance as they provide a cheaper and faster alternative to traditional bank transfers for instant cross-border payments. With traditional bank transfers, the remittance fees cost an average of 7.34%.
Sanoh added that in contrast, “stablecoins enable instant and low-cost transactions”, for a “fraction of the cost of traditional payment rails”.
Mansa, Tether-backed Fintech, Raises $10 Million to Push Stablecoin Payments
