- Tether has backed the $10 million spherical for cross-border funds agency Mansa.
- Enterprise capital agency Polymorphic co-led the spherical, which noticed buyers increase $7 million so as to add to $3 million raised earlier.
Tether, issuer of the world’s largest stablecoin USDT, led the $10 million funding spherical of MANSA, a cross-border funds supplier.
MANSA introduced the shut of the $10 million financing spherical on Thursday, Feb. 20, noting that the capital injection can be key to the fintech firm’s plans to bolster cross-border funds by addressing liquidity challenges dealing with suppliers.
Enterprise capital agency Polymorphic Capital co-led the spherical, which additionally attracted the participation of prime VC platforms Octerra Capital, School Group and Trive Digital. Mansa had beforehand raised $3 million in a pre-seed spherical, with the $7 million secured from buyers within the newest increase bringing the whole to $10 million.
Per particulars in a weblog put up, the corporate plans to make use of these funds on its Latin America and Southeast Asia growth effort. The funding can even go into recent bespoke liquidity in addition to ancillary options set to deliver funds on-chain.
“By bringing funds on-chain and leveraging environment friendly liquidity options, we’re addressing vital challenges in cross-border transactions—making funds sooner, cheaper, and extra dependable worldwide,” Mouloukou Sanoh, chief government officer & co-founder of MANSA, stated.
Funds agency eyes international growth
MANSA launched in August 2024 and has grown quickly amid main partnerships within the cost area.
Its footprint contains integrations with cost suppliers in Africa, Asia, and South America.
The corporate’s progress noticed it notch $11 million in on-chain transactions in January 2025, a determine that represents a 574% year-over-year enhance. Progress comes amid elevated stablecoin adoption. USDT is a serious participant on this effort.
“By leveraging USDT for real-time settlements and prompt payouts, MANSA is fixing vital ache factors for cost corporations working in rising markets. We’re proud to collaborate with MANSA and help their efforts to reshape international cost infrastructure.” Tether CEO Paolo Ardoino, added.
