MANSA, a global decentralized finance (DeFi) platform specializing in providing liquidity to cross-border payment companies, has announced that it has surpassed $3 million in transaction volume. This swift growth highlights the critical need for accessible liquidity among global payment providers. Cross-border payment firms often contend with high transaction fees, typically requiring a liquidity reserve to manage these costs—international payment fees for corporations currently average around 1.5%. Additionally, prolonged settlement times and varying regulatory demands frequently cause delays, forcing payment companies to hold liquidity in each jurisdiction they operate, which can impede growth, particularly in emerging markets.
MANSA went live in September 2024, leveraging decentralized finance to address the financing shortfall limiting the growth of cross-border payment companies. Last month, MANSA launched its first liquidity pool on Base, enabling the decentralized financing platform to provide efficient and accessible liquidity to scaling payment companies across the world. MANSA now provides financing to a wide range of innovative payment companies, including Bitmama, which enables businesses and individuals alike to make cross-border payments in multiple currencies.
While MANSA’s initial focus was payment companies in Africa, the decentralised financing pioneer will now embark on a journey to support businesses globally, with plans to enter markets in Asia, the Middle East and Latin America over the next year. The fintech's mission is to democratize access to financing for businesses in emerging markets worldwide by leveraging cutting-edge blockchain technology to reduce financial and logistical barriers to cross-border payments.
“MANSA surpassing $3 million in transaction volume just one month after launch is a remarkable achievement. It signifies the important role decentralised finance has to play in supporting payments companies the world over. We’re far from finished, and will be working hard to rapidly expand our partner ecosystem and enter new markets over the coming year”, said Mouloukou Sanoh, CEO and Co-Founder of MANSA.