Tether backs stablecoin liquidity provider Mansa in $10M seed round | TechCrunch
Briefly

Mansa, a Dubai-based startup focused on Africa, has secured $10 million in seed funding to enhance its innovative stablecoin liquidity solutions for cross-border payments. Led by experienced co-founders, Mouloukou Sanoh and Nkiru Uwaje, the company aims to facilitate instant settlements and improve cash flow for clients. As the global market for cross-border transactions is expected to reach $290.2 trillion by 2030, Mansa’s unique approach—utilizing decentralized finance for real-time underwriting—positions it favorably to overcome liquidity challenges and reduce costs for payment providers, particularly in emerging markets such as Latin America and Southeast Asia.
Mansa is poised to transform cross-border payments by offering stablecoin liquidity solutions that address liquidity shortages and cut operational costs for payment providers.
With a mission to enhance cash flow at lower costs than fiat alternatives, Mansa leverages decentralized finance to deliver rapid embedded pre-funding for transactions.
Read at TechCrunch
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