Cross-border payments provider MANSA has raised $10 million in funding led by Tether, the issuer of the USDT ($1.00) stablecoin. The investment is expected to accelerate MANSA’s global expansion and strengthen its onchain liquidity solutions.
Tether Leads $10 Million Funding Round for Cross-Border Payments Firm MANSA
Tether led MANSA’s $3 million pre-seed round in partnership with Polymorphic Capital, according to the company’s press release.
Additional investors included Octerra Capital, Faculty Group, and Trive Digital. MANSA also raised $7 million in liquidity funding from other institutional investors.
Leveraging USDT for Cross-Border Payments
MANSA uses the USDT stablecoin to increase liquidity for international payments, aiming to make transactions faster and more accessible for businesses worldwide.
“MANSA’s vision to address liquidity challenges in cross-border payments aligns with our mission to build a more efficient and inclusive financial system,” said Tether CEO Paolo Ardoino.
“By leveraging USDT for real-time payments and instant settlements, MANSA solves critical pain points for payments companies operating in emerging markets.”
With the newly raised capital, MANSA plans to expand into Latin America and Southeast Asia, where liquidity issues often hinder cross-border operations.
MANSA has focused on building partnerships with payment providers in Africa, Asia, and South America since launching in August 2024. The company has processed approximately $31 million in transaction volume to date, according to Dune Analytics.
This funding round underscores the growing role of stablecoins in global finance as firms like MANSA leverage blockchain technology to improve cross-border transactions and financial accessibility.
*This is not investment advice.
Continue Reading: Stablecoin Giant Tether Invests in International Payment Provider Company! What Does It Mean? Here Are the Details
