While payment companies are increasingly exploring the stalls for cross -border payments and real -time regulations, certain startups operate the Zeitgeist by providing liquidity via a renewable credit line in the ecunics.
One of them is based in Dubai but focused on Africa Mansawhose offer allows payment companies to pay transactions and instantly finance customer accounts. The startup has raised $ 10 million in seed financing, including equity and debt. The supplier of Stablecoin Tether conducted $ 3 million stock investment.
The funds will support the expansion of the company in Latin America and Southeast Asia, the regions where liquidity challenges also limit cross-border transactions.
Mansa claims that its model improves customer cash flows at a lower cost than that of Fiat alternatives, positioning it as a key player in the future of payments. Its co-founders, CEO Mouloukou Sanoh and Coo Nkiru Uwaje, bring several years of expertise in finance, payments and web3.
Sanoh, an investor in several African fintechs, previously worked in the company of VC Web3 Adaverse. Uwaje was director of innovation at Swift and led the Blockchain strategy for Dell in the United Kingdom and Ireland.
Trans -border payments are crucial for world trade, but many payment providers face liquidity shortages, leading to delayed regulations and higher operational costs, especially in emerging markets. Payment costs Average 6.5% worldwideInconception of development regions in a disproportionate way. With cross -border payments that should reach 290.2 Billions of dollars per year by 2030, The ineffectiveness in the current system could cost companies of the billions.
Mansa says that it is addressed by offering rapid and flexible integrated pre-funded solutions, by filling reasonable diligence in less than a month. And unlike traditional lenders, it subscribes to loans based on real -time transaction data rather than guarantees while obtaining large -scale liquidity thanks to a decentralized finance (DEFI). It brings together the capital of DEFI platforms, quantitative funds, family offices and hedge funds.
For its seed tour, Mansa obtained $ 7 million in liquidity from some of these institutions. Meanwhile, the other investors who participated in the round of the actions alongside Tether include the group of teachers, the Octerra capital, polymorphic capital and digital trive.
“Payments move on the channel, but for payments to move in the chain, you must have chain liquidity to be able to settle instantly,” Sanoh told Techcrunch. “This is why our partnership with Tether is so substantial and why we work closely to make it the main stablecoin on emerging markets.”
Despite Rapid USDC growth Last year, the founders declared that Mansa was optimistic about the attachment because of its wide accessibility, its flexibility of use and market dominationwhich continues to develop in parallel with the increase in payment activity on the channel, in particular on emerging markets.
It is also logical that Mansa customers are not based in Europe, where Tether and nine other digital assets have recently been canceled platforms regulated by the EU so as not to comply with the compliance standards of the Mica. Attached still holds 70% of the market shareIn terms of trading volume, among the stables in the world.
However, from the point of view of conformity, Mansa says that it is focused on regulatory membership. The fintech recently hired the former HSBC chief in Northern Asia and the legal director of Franklin Templeton to strengthen his regulatory monitoring.
Likewise, the Stablecoin liquidity platform indicates that it builds robust risk frames for liquidity and payments, ensuring compliance with AML checks, sanctions screening, KYC (know your client), KYB (Know your business), monitoring of active transactions and blockchain analysis tools. “We build a fintech and we approach everything with this state of mind,” said Nkiru.
Meanwhile, the CEO of Tether, Paolo Ardoino, said that the supplier of Stablecoin was “proud to collaborate with Mansa and support their efforts to reshape the global payment infrastructure”.
Until now, Mansa has paid more than $ 18 million in payments funded to its customers, with access to more than $ 200 million in liquidity thanks to its partner network. Fintech says he has no faults so far.
Likewise, its volume of transactions has increased since its launch six months ago, from $ 1.6 million in August to $ 11 million in January, consisting of a monthly growth rate of 37.5%. He treated nearly $ 31 million during this period. The company plans to reach a total payment volume execution rate of $ 1 billion this year, against its current execution rate of $ 240 million, Sanoh revealed.
The two -year fintech serves a wide range of customers, including B2B payment platforms, virtual card providers, stablecoin infrastructure, Forex platforms and payment companies operating in Africa, Latin America and South Asia -East. These customers have reported an increase of 30% of transaction volumes and an increase in income by 10% since integration, the Fintech said. Meanwhile, MANSA’s revenues – generated by costs on financed transactions – have increased by 350% in the last six months.
The loan is Mansa’s starting point. But there is more than he wants to do, according to Sanoh. “We start by being the main liquidity provider of the largest payment companies on the emerging markets,” said CEO Sanoh. “From there, we can manage payments and also offer additional services such as currencies. The objective is to create a one -looking payment platform where they can finance their payments, settle transactions instantly and access foreign currencies – all in the same place, “said the CEO, adding that he Acts an evolution that could see him become one on a -chain version of Stripe.
