Mansa, a Dubai-based fintech company, has secured a seed investment of $10 million, with a $3 million equity slug led by Tether, in a move aimed at providing stablecoin liquidity solutions to payments companies, primarily in Africa. Its goal is to harness decentralized finance (DeFi) in order to gain access to liquidity and underwrite loans on the basis of near-instant information on transactions (in lieu of collateral). Mansa aims to become the on-chain equivalent of Stripe for payments and liquidity in emerging economies.
Tether Backs Stablecoin Liquidity Provider Mansa in $10M Seed Round
