Mansa, a pioneering fintech firm, has announced the launch of a new trade-finance and cross-border payments platform, introducing its first pool on Base. This initiative aims to address the substantial funding gap in emerging markets, particularly in Africa.
By leveraging blockchain technology, Mansa offers a secure and efficient way for businesses to access liquidity. The platform, built on the Ethereum-equivalent Layer 2 blockchain Base, allows businesses to use a wide range of assets as collateral, expanding access to affordable capital.
Base, developed on the OP Stack by Coinbase, provides a secure, low-cost infrastructure, enabling Mansa to offer more efficient and accessible financial services to its clients. As institutional adoption of this model accelerates, Mansa’s approach and strategic partnerships will play a crucial role in shaping the future of finance in emerging markets.
Mansa’s CEO and co-founder, Mouloukou Sanoh, expressed enthusiasm over the launch, highlighting the platform’s potential to significantly impact the African financial landscape. “This move will help businesses overcome USD limitations and manual processes that have long constrained growth. Our platform unlocks new sources of liquidity, directly addressing the credit gap in emerging markets,” Sanoh stated. The strategic decision to launch on Base aligns with the company’s vision of integrating advanced technologies to streamline financial processes.
This platform is expected to unlock new sources of liquidity, crucial for overcoming USD limitations and manual processes that have hindered growth. Mansa’s approach facilitates smoother trade finance and connects African businesses with global investors, creating a next-generation financial infrastructure.
The challenges faced by businesses in emerging markets, particularly in Africa, have long included limited access to financial services and foreign exchange constraints. Mansa’s new platform directly addresses these issues by providing a transparent and accessible means of trading and managing assets. The inclusion of two innovative pools—one focused on remittances and the other on stablecoin liquidity provision—underscores the company’s commitment to offering tailored solutions that meet the unique needs of the African market.
Mansa’s presence in both Africa and the UK positions it as a key player in the fintech space, especially in trade finance and cross-border payments. The firm’s focus on venture-backed businesses and its innovative use of collateral options are expected to attract a diverse range of borrowers, thereby expanding its market reach.
The funding gap in Africa has been a persistent challenge, stifling economic growth and business expansion. Traditional financial systems have often been inaccessible or inadequate for many businesses, particularly smaller enterprises. This new approach connects African businesses with global investors, creating a next-generation financial infrastructure that overcomes traditional barriers such as limited financial services and foreign exchange constraints.
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