Mansa, a fintech company focused on using stablecoins to streamline global payments and reduce transaction costs, has raised $10 million in funding to improve liquidity for cross-border payments.
The round was led by Tether, issuer of the largest stablecoin USDT, with contributions from Polymorphic Capital, Octerra Capital, Faculty Group and Trive Digital, as well as additional liquidity financing from institutional investors.
According to the company’s Feb. 20 press release shared with Cryptonews, the funding includes $3 million from a pre-seed round and $7 million in liquidity funding, which Mansa plans to use for expansion into Latin America and Southeast Asia.
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
Addressing Liquidity Issues in Cross-Border Payments
Co-founded by Mouloukou Sanoh and Nkiru Uwaje, Mansa aims to address liquidity shortages that affect payment providers, particularly in emerging markets.
Cross-border transactions often face settlement delays and high costs, impacting businesses and individuals who rely on international payments. Mansa’s platform utilizes stablecoins to provide instant liquidity, facilitating faster and more affordable transactions.
“Securing $10 million in pre-seed and liquidity funding marks a significant milestone in our mission to transform the way money moves,” said Sanoh, who also serves as Mansa’s CEO. “This funding accelerates our global expansion, enabling us to empower payment companies with seamless, real-time settlement infrastructure and drive the future of payments.”
Since its launch in August 2024, Mansa says it has processed $27 million in transactions, with $11 million in on-chain volume recorded in January 2025 – a 574% increase from August.
The company has also established partnerships with payment providers in Africa, Asia and South America, extending the reach of its liquidity solutions.
Increasing Role of Stablecoins in Cross-Border Payments
The cross-border payments market is expected to grow during the next few years. According to data from Statista, the total value of cross-border payments reached $190.1 trillion in 2023 and is projected to rise to $290.2 trillion by 2030.
Market size of global wholesale, B2B, B2C cross-border payments in 2023 and 2030. Source: StatistaCurrent inefficiencies in the payment system, including liquidity shortages and high remittance fees – averaging 6.5% of the amount sent – can have a significant financial impact on businesses and individuals.
Using stablecoins for cross-border payments is part of a broader industry trend aimed at improving payment efficiency.
In December 2024, Cobo, a digital asset custody and wallet provider, launched its one-stop stablecoin cross-border payment solution.
In November 2024, PayPal’s Xoom also began settling cross-border payments using its stablecoin, PayPal USD (PYUSD). The payment giant aims to expand access to PYUSD in Asian and African markets and enable PayPal to settle cross-border transactions outside traditional banking hours.
In 2024, USD Coin (USDC), the second largest stablecoin, was integrated into the banking systems of Brazil and Mexico, allowing businesses to use the USD-pegged stablecoin directly through their local banks. The integration of USDC into Brazil’s PIX and Mexico’s SPEI payment systems now allows businesses to use USDC in local fiat currencies, such as the Brazilian real (BRL) and Mexican peso (MXN).
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