Dubai Fintech MANSA Secures $10M in Funding

Dubai-based fintech startup MANSA has secured $10 million in funding to expand its stablecoin-based cross-border payment solutions, amid rapid growth in blockchain-powered payment systems and increased adoption of stablecoins in emerging markets.

Investment Details

The $10 million funding package consists of a $3 million pre-seed investment led by Tether, the issuer of the world's largest stablecoin USDT, and co-led by Polymorphic Capital. Octerra Capital, Faculty Group, and Trive Digital also participated in the round. An additional $7 million in liquidity funding came from institutional investors, including corporate entities and quantitative funds.

Company Overview & Growth

MANSA, co-founded by Mouloukou Sanoh and Nkiru Uwaje in August 2024, has shown significant traction since its launch. The company has processed over $27 million in transaction volume on-chain, with nearly $11 million in January alone, representing a 574% growth from August 2024 to January 2025. Through partnerships with major payment companies across Africa, Asia, and South America, MANSA specializes in providing liquidity solutions for cross-border payments using stablecoins.

Strategic Plans

"Securing $10 million in pre-seed and liquidity funding marks a significant milestone in our mission to transform the way money moves," said Mouloukou Sanoh, CEO and Co-Founder of MANSA. The company plans to use the funds to:

• Expand market presence in Latin America and Southeast Asia

• Develop customized liquidity solutions

• Scale existing infrastructure

Industry Support

Paolo Ardoino, CEO of Tether, endorsed MANSA's approach: "By leveraging USDT for real-time settlements and instant payouts, MANSA is solving critical pain points for payment companies operating in emerging markets. We are proud to collaborate with MANSA and support their efforts to reshape global payment infrastructure."

Sebastian Cheek, Head of Investment at TRIVE Digital, added, "MANSA addresses a fundamental liquidity challenge in cross-border payments, leveraging stablecoins to create more efficient and accessible financial rails."

Market Context & Future Outlook

The funding comes at a pivotal time for the stablecoin industry, which processed over $15.6 trillion in annualized transaction value in 2024, surpassing traditional payment processors like Visa and Mastercard. MANSA's solution particularly targets emerging markets facing unstable local currencies and limited access to U.S. dollars.

As regulatory scrutiny of cross-border payments increases, MANSA's blockchain-based infrastructure positions it to play a crucial role in modernizing global payment systems. The company's growth reflects the broader normalization of blockchain technology in mainstream finance, marking a transformative period for international transactions.

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