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

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Summary
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85% Informative

Dubai -based Mansa has raised $10 million in seed funding including equity and debt.

Stablecoin provider Tether led the $3 million equity investment.

The funds will support the company’s expansion into Latin America and Southeast Asia .

Mansa says its model improves clients’ cash flow at a lower cost than fiat alternatives.

It underwrites loans based on real-time transaction data rather than collateral.

Mansa ’s revenues from financed transactions have grown 350% in the past six months .

Mansa wants to become an on-chain version of Stripe , CEO Sanoh says.

The goal is to create a one -stop payment platform where users can finance their payments, settle transactions instantly.

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