"Mansa Raises $10M for Stablecoin Cross-Border Payments"

Tether-backed fintech Mansa has secured $10 million in funding to expand its stablecoin-based payment services. The company, which specializes in cross-border payments using stablecoins, raised $3 million in a pre-seed round led by Tether and co-led by Polmorphic Capital. The round also saw participation from Octerra Capital Faculty Group and Trive Digital.

In addition to the pre-seed round, Mansa raised an additional $7 million in liquidity funding from institutions, including corporate investors and quantitative investment funds. The funding will support Mansa's market expansion across Latin America and Southeast Asia.

Mouloukou Sanoh, co-founder and CEO of Mansa, stated that the company aims to transform the way money flows in the fiat world by bringing payments on-chain and leveraging efficient liquidity solutions. This will make cross-border transactions faster, cheaper, and more reliable worldwide. The funding will also enable Mansa to empower payment companies with seamless, real-time settlement infrastructure.

Since its launch in August 2024, Mansa's stablecoin-based payment solution has processed over $27 million in transaction volume on-chain, with nearly $11 million in January 2025 alone. The annualized transaction value of stablecoins surpassed $15.6 trillion in 2024, outpacing the transaction volumes of Visa and Mastercard, two of the world's largest payment processors.

Mansa employs stablecoins for cross-border payments, reducing settlement delays and transaction costs. This approach can help import-heavy economies solve their severe shortage of fiat US dollars, making global payments challenging. Stablecoins provide a viable alternative by enabling businesses to access digital dollars at scale, bypassing local currency restrictions and capital controls. By transacting on-chain, businesses can conduct seamless cross-border payments without the inefficiencies of traditional financial systems.

Stablecoins are emerging as a cheaper and faster alternative to traditional bank transfers, especially for cross-border transactions. Remittance fees cost an average of 7.34% during 2024 if they involve bank account transfers. In contrast, stablecoins enable instant and low-cost transactions for a fraction of the cost of traditional payment rails.