News Summary

Dubai-based fintech startup Mansa has secured $10 million in seed funding to expand its stablecoin liquidity services into Latin America and Southeast Asia. The funding round was led by stablecoin provider Tether, which invested $3 million in equity. Mansa offers liquidity solutions for cross-border payments, primarily targeting Africa, by using stablecoins to improve cash flow and reduce settlement costs. The company aggregates capital from decentralized finance platforms and other financial institutions, allowing it to underwrite loans based on real-time transaction data. Mansa’s founders, CEO Mouloukou Sanoh and COO Nkiru Uwaje, bring extensive experience in finance and blockchain technologies. With the funds, Mansa aims to increase its presence in emerging markets, where cross-border payment inefficiencies could cost businesses billions as transaction volumes rise globally. The startup has already processed nearly $31 million in transactions and plans to reach a $1 billion total payment volume run rate within the year.