ADVERTISEMENT
TechEconomy
Saturday, May 10, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » MANSA Raises $10 Million to Tackle Liquidity Challenges in Cross-Border Payments

MANSA Raises $10 Million to Tackle Liquidity Challenges in Cross-Border Payments

Joan Aimuengheuwa by Joan Aimuengheuwa
February 20, 2025
in StartUPs
0
MANSA Raises $10 Million to Tackle Liquidity Challenges in Cross-Border Payments
Mouloukou Sanoh and Nkiru Uwaje, MANSA co-founders

Mouloukou Sanoh and Nkiru Uwaje, MANSA co-founders

RelatedPosts

YC-Backed CodeAnt AI Raises $2M

YC-Backed CodeAnt AI Raises $2M to Automate Code Reviews as AI Coding Surges

May 7, 2025

Soludo Empowers 1 Million Anambra Digital Tribe

May 7, 2025

Dubai-based fintech startup MANSA has raised $10 million in funding to address liquidity challenges in cross-border payments, with stablecoin provider Tether leading a $3 million equity investment. 

The financing round, which includes both equity and debt, was co-led by Polymorphic Capital with participation from other investors, including Octerra Capital, Faculty Group, and Trive Digital.

The funding will enable the company to expand its operations into Latin America and Southeast Asia, regions facing similar liquidity issues.

MANSA focuses on improving cash flow for payment providers by offering real-time liquidity solutions. Instead of traditional lending methods that require collateral, the company underwrites loans using transaction data, providing a more flexible and efficient approach.

“Our partnership with Tether is so consequential and why we’re working very closely together to make it the primary stablecoin in emerging markets,” said MANSA’s CEO, Mouloukou Sanoh.

Founded by Sanoh and Nkiru Uwaje, MANSA has quickly grown in the payments sector. Sanoh, an experienced investor in African fintechs, previously worked at web3 VC firm Adaverse, while Uwaje was formerly an innovation manager at SWIFT and led blockchain strategy for Dell in the UK and Ireland.

The startup’s model is particularly relevant in emerging markets where payment providers often struggle with liquidity shortages, leading to delayed transactions and increased costs. 

According to MANSA, cross-border payments are projected to reach $290.2 trillion annually by 2030, and inefficiencies in the system could result in huge financial losses for businesses.

Beyond Africa, where MANSA has been primarily active, the company is now targeting Latin America and Southeast Asia, aiming to provide the same liquidity solutions to businesses facing similar challenges. 

To support this expansion, it has secured $7 million in liquidity funding from institutions, including corporate investors, quantitative funds, and hedge funds.

MANSA reports strong growth since its launch in August 2024. The company’s transaction volume surged from $1.6 million in its first month to $11 million in January 2025, with a compounded monthly growth rate of 37.5%.

So far, MANSA has processed nearly $31 million in transactions and expects to reach a $1 billion total payment volume run rate this year.

United BANK

Tether CEO Paolo Ardoino stated that the stablecoin provider is “proud to collaborate with MANSA and support their efforts to reshape global payment infrastructure.”

In addition to its liquidity solutions, MANSA is investing in regulatory compliance. The company has brought on industry veterans, including the former head of HSBC North Asia and the chief legal officer of Franklin Templeton, to strengthen its oversight. 

MANSA’s compliance measures include AML checks, sanction screening, KYC, KYB, transaction monitoring, and blockchain analytics tools.

Moving forward, the company plans to expand beyond liquidity provision. “We’re starting by being the primary liquidity provider to the biggest payment companies across emerging markets,” Sanoh explained.

“From there, we can handle payouts and also offer additional services like foreign exchange. The goal is to create a one-stop payment platform where they can finance their payments, settle transactions instantly, and access foreign currency seamlessly—all in one place.”

With a growing client base that includes B2B payment platforms, virtual card providers, stablecoin infrastructure companies, forex platforms, and remittance firms, MANSA’s impact on the global payments landscape is expected to deepen.

The company claims that clients using its solutions have already seen a 30% increase in transaction volumes and a 10% boost in revenue.

Vitaly Spassky, managing partner, Polymorphic Capital, said Mansa is here to disrupt a massive traditional market with blockchain and the Web3 paradigm. “Polymorphic supports extraordinary founders. The Mansa team is up to this incredible challenge.”

Ashim Egunjobi, managing partner, Octerra Capital, also stated: “We invested in MANSA because of their bold, diverse, high-calibre team of visionary founders addressing critical challenges faced by payments companies in Emerging Markets. We firmly believe that decentralized finance and asset tokenization are game-changing frontier technologies. With immense market potential in emerging economies, MANSA is uniquely positioned to drive transformative impact and bridge the credit gap across Africa.”

“We are incredibly excited to have been the first investor in Mansa. Our decision to invest was driven primarily by our strong confidence in the leadership team, and we are certain they will continue to validate our belief. Additionally, we are thrilled about the future of crypto payments and Mansa’s potential to make transactions in emerging markets faster, cheaper, and more efficient,” Sebastian Cheek, head of Investment, Faculty Group

Shawn Tan, general partner, TRIVE Digital, commented that MANSA addresses a fundamental liquidity challenge in cross-border payments, leveraging stablecoins to create more efficient and accessible financial rails. “TRIVE Digital backs visionary founders building the future of Web3, and we are excited to support the MANSA team as they drive transformative impact in the global payments industry.”

Loading

United BANK

0Shares

Tags: cross-border paymentsFaculty GroupLiquidity challengesMansaMouloukou SanohNkiru UwajeOcterra CapitalPaolo ArdoinoPolymorphic CapitalStableCoinTetherTrive DigitalWeb3
Previous Post

The Future of AI and Cybersecurity in Africa | Philip Aiwekhoe Shares Roadmap for Financial Institutions

Next Post

Lenovo Sees 20% Revenue Surge to $18.8B as DeepSeek’s AI Expands its Market Reach

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

YC-Backed CodeAnt AI Raises $2M
StartUPs

YC-Backed CodeAnt AI Raises $2M to Automate Code Reviews as AI Coding Surges

by Joan Aimuengheuwa
May 7, 2025
0

…helping engineering teams cut manual code review time and bugs by over 50%

Read more
1 Million Anambra Digital Tribe | Government Approves ₦97M Solution Data Platform to Enhance Governance, Security

Soludo Empowers 1 Million Anambra Digital Tribe

May 7, 2025
Swedfund Invests $15M in African Impact Fund to Boost SME Growth, Job Creation

Swedfund Invests $15M in African Impact Fund to Boost SME Growth, Job Creation

May 6, 2025
Interledger Foundation Ambassador Cohort

Interledger Foundation Announces New Round of Ambassador Cohort

May 6, 2025
Skillvue Raises $6.3 Million

Skillvue Raises $6.3M to Transform How Companies Discover, Develop Hidden Talent

May 5, 2025
Money Fellows Raises $13M

Money Fellows Raises $13M to Expand Its Digital Savings Circles Beyond Egypt

May 5, 2025
Next Post
Lenovo Sees 20% Revenue Surge to $18.8B as DeepSeek’s AI Expands its Market Reach

Lenovo Sees 20% Revenue Surge to $18.8B as DeepSeek’s AI Expands its Market Reach

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.