The UAE-based startup MANSA has announced the closure of a Pre-Seed investment round worth $3 million, led by Tether and Polymorphic Capital, with participation from Faculty Group, Octerra Capital, and Trive Digital.

More to Know:

• MANSA was Co-founded by Mouloukou Sanoh and Nkiru Uwaje and officially launched in August 2024.
• It provides cross-border payment solutions based on stablecoins, enabling businesses to accept and send instant payments.
• MANSA stated that it has secured liquidity funding from institutions, including corporate investors, quantitative funds, and alternative investment firms.
• After focusing on the African market, MANSA noted that the funds raised will be used to expand into Latin America and Southeast Asia.