Posted on July, 31, 2024 at 09:01 am
Mansa, a fintech company focused on providing liquidity for multinational exports and cross-border payments in emerging markets, has announced the launch of its first financial pool on Base.
This further thrusts Mansa’s mission to democratise financing access for African businesses, even as it leverages Base, a secure and cost-effective Ethereum Layer 2 blockchain developed by Coinbase, to deliver more efficient and accessible financial services.
Mansa’s new offerings include innovative pools for remittance and stablecoin liquidity, helping African businesses secure more affordable capital.
The company’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 innovative approach and strategic partnerships will play an important role in shaping the future of finance in emerging markets.
With boots on the ground in Africa and the UK, Mansa works closely with African businesses to fuel their growth with trade finance and cross-border payments liquidity.
“We’re thrilled to launch our new liquidity pool on Base,” said Mouloukou Sanoh, CEO and co-founder of Mansa.
“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 and cutting-edge 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.
In connecting businesses with global investors, the platform is creating next-generation financial infrastructure that overcomes traditional barriers such as lack of financial services and FX constraints.
This forward-thinking approach is particularly beneficial for regions like Africa, where such limitations have historically impacted growth.
Source: Techeconomy