Tether Leads $10M Seed Round for Mansa's Cross-Border Payment Expansion

Stablecoin liquidity provider Mansa has successfully raised $10 million in a seed round led by Tether, with the company securing a $3 million equity investment from the stablecoin issuer. The funding round, which was completed earlier this month, will support Mansa's expansion into Latin America and Southeast Asia.

Mansa, headquartered in Dubai, focuses on the African market and enables payment companies to settle transactions instantly and fund customer accounts. The company's innovative technology allows for seamless and efficient cross-border payments, making it an attractive partner for businesses operating in emerging markets.

The investment from Tether, the issuer of the world's largest stablecoin, USDT, is a significant vote of confidence in Mansa's technology and business model. Tether's involvement in the funding round highlights the growing interest in stablecoins and their potential to revolutionize the global payments landscape.

The raised funds will enable Mansa to expand its services to new regions, where the demand for stable and efficient cross-border payments is high. By providing liquidity and facilitating instant transactions, Mansa can help businesses in these regions to grow and thrive, while also promoting financial inclusion.

Mansa's success in raising funds from Tether is a testament to the growing recognition of the potential of stablecoins and their role in the global financial system. As stablecoins continue to gain traction, companies like Mansa will play a crucial role in facilitating their adoption and integration into mainstream financial services.