Tether leads $10 million funding in cross-border payments firm MANSA

Cross-border payment services firm MANSA has completed a $10 million financing round led by USDT stablecoin issuer Tether , fueling the company's global expansion.

According to a press release, Tether led MANSA’s $3 million pre-seed funding that was co-led by Polymorphic Capital, with other participants including Octerra Capital, Faculty Group, and Trive Digital. MANSA said it secured an additional $7 million in liquidity funding from other institutional investors. 

MANSA provides onchain liquidity solution using USDT stablecoin to help make cross-border payments faster and more accessible for firms.

“MANSA’s vision for addressing liquidity challenges in cross-border payments aligns with our mission to create a more efficient and inclusive financial system,” Tether CEO Paolo Ardoino said. “By leveraging USDT for real-time settlements and instant payouts, MANSA is solving critical pain points for payment companies operating in emerging markets.”

The company said it plans to utilize the funding to support its expansion into Latin America and Southeast Asia, where cross-border transactions face liquidity challenges. 

Since launching in August 2024, MANSA has primarily focused on building partnerships with payment companies in Africa, Asia and South America. It has seen around $31 million in transaction volume on its platform to date, according to data from Dune Analytics.