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

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

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

MANSA’s stablecoin-based resolution presents fee suppliers in rising and mature markets a versatile and dependable option to handle liquidity challenges in cross-border funds.

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

“This funding accelerates our international enlargement, enabling us to empower fee corporations 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 essential 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 fee corporations 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 up to now, with practically $11 million in on-chain transaction quantity in January – reflecting a 574 per cent development from August 2024, the corporate stated.