Mansa, a Dubai-based fintech, providing cross-border payment services using ptablecoins, has secured $3 million pre-seed funding from Tether and Polymorphic Capital.
Mansa, the 2024-founded liquidity solutions provider for global payments, also saw investment in its vision from Faculty Group, Octerra, Trive Digital. The other $7M was received in liquidity funding from institutions like corporate investors, quantitative funds, and alternative investment firms.
Mansa, which is currently providing its payment services to Africa region mainly, is set to use the received funding for expansion into Latin America and Southeast Asia. The later regions have witnessed delayed processing of cross-border payments due to liquidity issues – perhaps MANSA can work as a solution there.
Mansa – Real-time Liquidity Payments Solution
Stablecoins now worth a $205 billion market are fast-growing as a method for cross-border payments, offering real-time settlement and hussle-free transactions. Mansa provides liquidity to the largest companies across the payments ecosystem including to B2B/remittance companies, OTC Desks & Forex, Virtual Card Processers and Stablecoin infrastructure. The company’s innovative use of stablecoins reduces settlement delays and transaction costs, providing payment providers with the resources to scale their operations efficiently.
With less than a year since its launch, MANSA has processed over $27 million in transaction volume, with nearly $11 million occurring in January 2025 alone—a 574% growth since August 2024.
We are incredibly excited to announce that MANSA has raised $10M, led by @Tether_to and @polymorphiccap , to revolutionize cross-border payments with with stablecoin-based liquidity solutions. pic.twitter.com/4MP80jLtZV
— MANSA (@MANSA_FI) February 20, 2025
One of the investors, Polymorphic Capital, highlighted the key features of MANSA that the investors have found innovative and futuristic, viz.,
- Mansa focuses on real-time payments liquidity as it directly finances the underlying payment, providing a short-term revolving line of credit in stablecoins.
- Its innovative approach enables LPs to earn with higher APYs, and have in-house underwriting and legal claims.
- It uses stablecoins and DeFi to provide access to onchain funding and streamline settlements.
- It combines blockchain technology with a meticulous risk management approach, ensuring transparency and security to enable instant liquidity.
Stablecoins driven Cross-Border Payments
The exponentially growing method of making cross-border payments using stablecoins settle transactions in minutes on Blockchain networks. The lagging caused by banking hours and different timezones in traditional channels also gets eliminated.
Since international transactions are associated with high fees, transactions by stablecoins have much lower fees. The average cost for a $200 tranfer costs 6.25% indicating $12.70 per transaction by conventional channels. However, using stablecoins for remittances significantly reduces fees, averaging between 0.5% to 3.0% of the transfer amount. This means a $200 transfer could cost as little as $1.
According to a Coinbase report, in 2023, stablecoins facilitated approximately $10.8 trillion in transactions with $2.3 trillion of this volume attributed to organic activities, including payments and cross-border remittances. And as of November 2024, the combined market capitalization of stablecoins reached a record $190 billion, marking a 46% increase from the previous year.
Further, according to FXC Intelligence report, in 2024 many platforms such as Paypal, Stripe, Ripple have already integrated stablecoins in their cross-border money transfers. Popular Stablecoins for Cross-Border Payments remain USDT (Tether), USDC (USD Coin), and DAI. Countries such as Mexico and Brazil are receiving significant amount of remittances ( $63.3 billion) processed by stablecoins, thus, benefitting Businesses, merchants, remote workers, investors, migrants, among others.
With projects like Mansa aiming for further expansion and development, the cross-border payment solution can indeed ‘transform the way money moves’.
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