Mansa, a fintech providing liquidity to multinational exports and cross-border payments for companies in emerging markets, has announced the launch of its first pool on Base. This marks a significant milestone in Mansa’s mission to democratise access to financing for businesses in Africa.
Base is a secure, low-cost Ethereum-equivalent L2 blockchain built on the OP Stack by Coinbase, enabling Mansa to offer more efficient and accessible financial services to its clients.
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By GlobalDataMansa’s approach allows venture-backed businesses to use a wide range of assets as collateral, significantly expanding the pool of potential borrowers. 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 is live with two pools centred around remittance and stablecoin liquidity provision, helping African businesses access cheaper capital
With boots on the ground in Nairobi and London, Mansa works closely with African businesses to fuel their growth with trade finance and cross-border payments liquidity.
Mouloukou Sanoh, CEO and Co-founder of Mansa, said: “We’re thrilled to launch our new liquidity pool on Base. 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.”
Emerging markets, particularly in Africa, face a substantial financing gap that hinders business growth and economic expansion. Timely solutions like DeFi are essential for the continued growth of these rapidly advancing economies.
Mansa leverages blockchain technology to offer transparent and accessible means of trading and managing assets. By connecting businesses with global investors, the platform is creating financial infrastructure that overcomes traditional barriers such as lack of financial services and FX constraints. This approach is particularly beneficial for regions like Africa, where such limitations have historically impacted growth.
