Dubai-headquartered fintech MANSA secures $10mn in funding to develop cross-border funds options 

MANSA, the Dubai-based international fintech innovator in cross-border funds, introduced the profitable closure of its $10 million funding spherical.

The corporate stated it has raised $3 million in a pre-seed funding spherical led by Tether and co-led by Polymorphic Capital with participation from different distinguished traders.

The fintech firm stated it has additionally secured an extra $7 million in liquidity funding from establishments, together with company traders, quantitative funds, and different funding companies.

The funds will assist MANSA’s additional market growth into Latin America and Southeast Asia, alongside the rollout of bespoke liquidity and ancillary options tailor-made to handle complicated cross-border funds wants, the corporate stated.

MANSA’s stablecoin-based answer provides cost suppliers in rising and mature markets a versatile and dependable approach to handle liquidity challenges in cross-border funds.

“Securing $10 million in pre-seed and liquidity funding marks a major milestone in our mission to rework the way in which cash strikes,” stated Mouloukou Sanoh, CEO and Co-Founding father of MANSA.

“This funding accelerates our international growth, enabling us to empower cost firms with seamless, real-time settlement infrastructure and drive the way forward for funds,” he stated.

Sanoh stated by bringing funds on-chain and leveraging environment friendly liquidity options, the corporate might be addressing important challenges in cross-border transactions – making funds sooner, cheaper, and extra dependable worldwide.

Since its launch in August 2024, MANSA has gained traction by constructing partnerships with main cost firms throughout Africa, Asia, and South America.

These strategic alliances have contributed to the proliferation of its prompt liquidity options, leading to $27 million in transaction quantity so far, with practically $11 million in on-chain transaction quantity in January – reflecting a 574 per cent development from August 2024, the corporate stated.