MANSA

MANSA’s CEO, Mouloukou S., was featured on CNBC Africa to discuss our recent $10M funding round and the next steps in transforming cross-border payments. Watch full interview here: https://lnkd.in/d9cDQhbP

Cross-border payment flows are projected to hit $250 trillion by 2027, yet traditional methods remain slow and costly. With settlement times of 2–3 days and fees reaching up to 300bps, the burden falls on families and businesses relying on remittances. A global survey of 6,500 consumers across 13 countries highlights a growing shift toward frequent and diverse cross-border transactions:?? ?? 67% make monthly cross-border e-commerce purchases?? ?? 52% travel internationally at least once a year?? ?? 45% send or receive remittances monthly? For businesses facilitating remittances, liquidity remains a major challenge. The traditional pre-funded model forces companies to hold large capital reserves across multiple jurisdictions—tying up assets that could be put to more productive use. As transaction volumes grow, this model becomes increasingly unsustainable, turning success into an operational bottleneck.? Our Co-founder & COO, Nkiru Uwaje, explores this issue in "Why Liquidity is Essential to the Sustainable Growth of Cross-Border Payments" and how MANSA’s stablecoin-based solution is reshaping liquidity management for payments companies. ?? Read more here: ?https://lnkd.in/eYFYvwqg

“We Have Liftoff, We Have Liftoff” - Apollo 11 Blasts Off Into Space I chose this quote because it perfectly captures where we stand as a company today. Reflecting on our journey building?MANSA, I see clear parallels with the Apollo 11 mission. Both ventures seemed nearly impossible at times, facing monumental challenges that could have led to failure. Yet, through the collective effort and sacrifice of many, both missions succeeded and reshaped the world. Those who embarked on the space mission were supported by others who believed in their vision. Similarly, our supporters had the conviction to remain steadfast despite the skeptics. I am incredibly honoured to announce we have partnered with Tether.io, Polymorphic Capital, Faculty Group, Octerra Capital ,TRIVE, alongside a stellar group of angels including Arun Makhija, John Patrick Mullin, Jakob Kronbichler, Milorad Doljanin , Yosuke Yoshida and Ahmed M. Amer in a $10M Pre-Seed round to transform the way money moves. A big thank you to Sebastian Cheek, Arnoud d'Yve de Bavay, Stefano Glauser, Vitaly Spassky, Ashim Egunjobi, Jordy K., Henry Ondo, Dave Shin, Georgia Hanias, Ilkay O., Henry Ondo, Stella Friaisse, Alnura B. for believing in us and the support! Last but not least, I could've never done this without Nkiru Uwaje, my incredible co-founder! Thank you for keeping us out of trouble and helping me stay sane. Find out more ?? https://lnkd.in/gY3mZ4aS

Tether.io led the $10 million pre-seed round raised by stable coin MANSA #Mansa, a Dubai-based but Africa-focused #fintech startup, has secured $10 million in seed funding, combining equity and debt, to revolutionize cross-border payments through #stablecoin liquidity. The $3 million equity portion was led by #Tether, the world’s largest stablecoin provider, with additional participation from Faculty Group, Octerra Capital , Polymorphic Capital, and TRIVE. The remaining $7 million in liquidity came from decentralized finance (#DeFi) platforms, quant funds, family offices, and hedge funds. Mansa’s co-founders, CEO Mouloukou S. and COO Nkiru Uwaje, bring extensive expertise in finance, payments, and web3. Sanoh, an investor in various African fintechs, previously worked at web3 venture capital firm Adaverse. Uwaje served as an innovation manager at Swift and led blockchain strategy for Dell Technologies in the U.K. and Ireland. Together, they are building a robust liquidity solution for emerging markets, addressing the inefficiencies of cross-border payments by providing fast, flexible pre-funding options at lower costs than traditional fiat systems. The startup’s offering allows payment companies to settle transactions and fund customer accounts instantly, improving cash flow while avoiding the delays and high costs associated with liquidity shortages. With global cross-border payments projected to reach $290.2 trillion annually by 2030, Mansa’s model stands to significantly reduce operational costs and remittance fees in emerging markets. Mansa has already processed nearly $31 million in transactions since its launch six months ago, achieving a 37.5% monthly growth rate and expects to reach a $1 billion total payment volume (TPV) run rate this year. The company’s clients, which include B2B payment platforms, virtual card providers, forex platforms, and remittance companies, have reported a 30% increase in transaction volumes and a 10% revenue boost since onboarding. Looking ahead, Mansa aims to evolve into a comprehensive payment platform, providing not only liquidity but also foreign exchange and seamless transaction settlements — an on-chain version of Stripe for emerging markets. Tether CEO Paolo A. praised the partnership, emphasizing Mansa’s role in reshaping global payment infrastructure by making Tether the primary stablecoin in these rapidly growing regions. The article on TechCrunch in the first comment.

We’re incredibly excited to share that MANSA has raised $10M, led by Tether.io and Polymorphic Capital! This milestone fuels our mission to transform global payments with stablecoin-based liquidity solutions. We’re honored to partner with top investors like Octerra Capital , Faculty Group, and TRIVE to drive innovation in financial transactions. ??Over the past six months: ??Partnered with major payment companies across Africa, Asia & South America ?? Financed $18M+ in payments ?? Processed $31M+ in transaction volume This funding accelerates our global expansion, empowering payment companies with seamless, real-time settlement infrastructure. The future of payments is here—faster, cheaper, and frictionless! Read more: https://lnkd.in/difX2svH

Dubai-based fintech MANSA, co-founded by Mouloukou S. (CEO) and Nkiru Uwaje (COO), has raised $10M to expand its instant liquidity solutions for cross-border payments. This funding includes a $3M pre-seed round led by Tether.io and co-led by Polymorphic Capital, with participation from Octerra Capital , Faculty Group, and TRIVE. An additional $7M in liquidity funding comes from institutional investors, including corporate investors and quantitative funds. MANSA leverages stablecoins to provide instant liquidity solutions, reducing settlement delays and transaction costs for payment providers. Since launching in August 2024, the company has processed $27M in transactions, with on-chain transaction volume growing by 574%. The funds will support MANSA’s expansion into Latin America and Southeast Asia, as well as the rollout of tailored liquidity solutions for cross-border payments. Sebastian Cheek Arnoud d'Yve de Bavay Vitaly Spassky Stefano Glauser Ashim Egunjobi Ainojie Alexander Irune (PhD) Jordy K. Henry Ondo Daniel Lo Johnpaul Nwobodo Abhinav Mehta Segun Akindunbi Gathuo N. Jacob otinomo Richard

We’re incredibly excited to share that MANSA has raised $10M, led by Tether.io and Polymorphic Capital! This milestone fuels our mission to transform global payments with stablecoin-based liquidity solutions. We’re honored to partner with top investors like Octerra Capital , Faculty Group, and TRIVE to drive innovation in financial transactions. ??Over the past six months: ??Partnered with major payment companies across Africa, Asia & South America ?? Financed $18M+ in payments ?? Processed $31M+ in transaction volume This funding accelerates our global expansion, empowering payment companies with seamless, real-time settlement infrastructure. The future of payments is here—faster, cheaper, and frictionless! Read more: https://lnkd.in/difX2svH

"Is this what you guys call hockey stick growth?" When Sebastian Cheek, seasoned investor and dear friend from Faculty Group, first spoke to me about MANSA in late 2024, there was a certain excitement in his voice. Mouloukou S. and Nkiru Uwaje weren't just building another fintech - they were revolutionising cross-border payments, leveraging stablecoins to close liquidity gaps and build more accessible and efficient financial infrastructure. With huge market demand and a clear need for a better solution, it was an easy decision to back them. Fast forward to a month ago, Mo and I were reviewing the latest numbers on a call - 574% growth since August 2024 (a staggering 37.5% compounded monthly growth rate), with nearly $11 million in transactions in January alone. That’s when Mo asked, "Is this what you guys call hockey stick growth?" I chuckled, but the answer was obvious. TRIVE Digital is proud to support Mo and Nkiru as they take MANSA global, expanding into Latin America and Southeast Asia and transforming the future of finance. With powerhouse backers like Faculty Group, Polymorphic Capital, Octerra Capital and Tether.io on their journey, we are very excited for what is to come. This is only the beginning. #Web3 #Fintech #Stablecoins #Payments #TRIVEDigital

?? MANSA has raised $10 million pre-seed led by Tether.io, with backing from Polymorphic Capital, Octerra Capital , Faculty Group, and Trive Digital. It also received $7 million in liquidity funding from institutional players! ?? With this boost, MANSA is gearing up to expand into Latin America & Southeast Asia, tackling cross-border liquidity constraints head-on. ???? Is it a game-changer for global payments? https://lnkd.in/dUbkPqAN Mouloukou S. Nkiru Uwaje Paolo A. Vitaly Spassky Ashim Egunjobi Sebastian Cheek Shawn Tan #fintech #liquidity #startups #funding #fundingnews #innovation #news #investment #financialtech #middleeast #dubai #womenintech #femalefounders

The funding round was led by Stablecoin provider Tether along with participation from faculty Group, Octerra Capital, Polymorphic Capital, and Trive Digital. Founded by CEO Mouloukou S. and COO Nkiru Uwaje , MANSA allows payments companies, mainly in Africa to date, to settle transactions and fund customer accounts instantly. #funding #mansa