MANSA, a fintech platform, has announced securing $10 million in its initial funding round, which included $3 million in seed funding and $7 million in liquidity financing.
The round was led by Tether, with Polymorphic Capital joining as a co-investor, alongside investors such as Octerra Capital, Faculty Group, and Trive Digital.
The liquidity financing was provided by institutional investors, including supporting firms, quantitative investment funds, and alternative investment institutions.
Go deeper on GCC & Africa tech — $9.99/month.
Deep dives and investor insights the free digest doesn't cover.
Based in the UAE, MANSA will utilize the funding to expand its operations across Latin America and Southeast Asia, enhance its liquidity infrastructure, and forge new strategic partnerships.
Founded last year, MANSA focuses on offering liquidity solutions for cross-border payments through stablecoins, enabling financial service providers in emerging markets to overcome liquidity challenges.
The company has processed $27 million in transactions to date, including $11 million in blockchain transactions in January alone.
Engagement
