Ether Leads $10 Million Funding for Cross-Border Payments Firm MANSA

27-04-2025
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Cross-border payments firm MANSA has completed a $10 million funding round, led by Tether – the issuer of the USDT stablecoin. The investment is aimed at accelerating MANSA’s global expansion, particularly in markets facing liquidity challenges in international transactions.

Tether Supports On-Chain Liquidity Solutions

According to a press release, Tether led MANSA’s $3 million seed funding, with Polymorphic Capital co-leading. Other investors participating in the round include Octerra Capital, Faculty Group, and Trive Digital. MANSA has also secured an additional $7 million in liquidity funding from other institutional investors.

MANSA provides an on-chain liquidity solution that leverages USDT to help businesses make cross-border payments more quickly and efficiently. This is especially important for emerging markets, where businesses often struggle to access liquidity.

Expanding into Latin America and Southeast Asia

Tether CEO Paolo Ardoino said: “MANSA’s vision of solving the liquidity challenge in cross-border payments aligns with our mission to create a more efficient and inclusive financial system. By leveraging USDT for real-time settlement and instant transaction execution, MANSA is solving a critical pain point for businesses in emerging markets.”

The company plans to use the new capital to expand into Latin America and Southeast Asia, where cross-border transactions still face significant liquidity barriers.

MANSA’s Growth Since Launch

Launched in August 2024, MANSA has focused on building partnerships with payment companies in Africa, Asia, and South America. According to data from Dune Analytics, the platform has recorded a total trading volume of approximately $31 million to date.

The new funding from Tether and institutional investors will help MANSA continue to expand its network while improving liquidity for businesses looking for efficient payment solutions globally.