MANSA Secures $10 Million to Enhance Cross-Border Liquidity in Africa

In a significant move to boost cross-border trade and liquidity across Africa, MANSA, a leading financial infrastructure provider, has successfully raised $10 million in funding. The investment aims to enhance financial inclusion, streamline intra-African trade, and address liquidity challenges faced by businesses operating across the continent.

The funding round, led by a consortium of institutional investors and development finance institutions, will empower MANSA to expand its innovative financial solutions. The company specializes in providing seamless and efficient cross-border payment and liquidity management services, critical for Africa’s trade landscape.

Addressing Africa’s Liquidity Challenges

Africa’s cross-border trade has long been hindered by liquidity constraints, currency volatility, and fragmented financial systems. Businesses often face high transaction costs and delays due to inefficiencies in existing financial networks. MANSA seeks to bridge these gaps by offering digital solutions that enable businesses to access liquidity quickly and securely.

Speaking on the funding milestone, MANSA’s CEO,Mouloukou Sanoh, stated, “This investment marks a major step forward in our mission to revolutionize cross-border trade in Africa. With improved liquidity solutions, we can empower businesses to scale, promote economic growth, and reduce reliance on external financial intermediaries.”

The Role of Digital Financial Infrastructure

MANSA’s platform leverages cutting-edge technology to facilitate seamless cross-border transactions, ensuring businesses can operate with greater efficiency. By integrating digital financial tools, the company helps businesses reduce transaction costs, mitigate risks, and enhance transparency.

The new funding will be directed toward:

• Expanding financial infrastructure: Strengthening digital payment networks to support more businesses.

• Enhancing liquidity solutions: Providing real-time access to capital for traders and SMEs.

• Strengthening partnerships: Collaborating with banks, fintech firms, and regulators to create a more unified financial ecosystem.

Driving Intra-African Trade

The African Continental Free Trade Area (AfCFTA) agreement has amplified the need for robust financial solutions that can support intra-African trade. MANSA’s expansion aligns with AfCFTA’s vision of creating a single market by removing trade barriers and improving financial integration.

With this new investment, MANSA is set to play a pivotal role in transforming Africa’s trade landscape by providing businesses with the tools they need to navigate cross-border transactions more efficiently. The funding not only strengthens MANSA’s position as a key player in Africa’s financial ecosystem but also contributes to the broader goal of economic growth and development across the continent.

SOURCE: AGENCIES