Mansa, the fintech reshaping liquidity provision for multinational exports and cross-border payments in emerging markets, has announced the inauguration of its inaugural pool on Base. This landmark development underscores Mansa’s unwavering commitment to democratising financing access for enterprises across Africa.
Base, a secure, low-cost, Ethereum-equivalent Layer 2 blockchain constructed on the OP Stack by Coinbase, facilitates Mansa’s provision of more efficient and accessible financial services to its clientele. Presently, Mansa has operationalised two avant-garde pools focused on remittance and stablecoin liquidity provision, thus enabling African businesses to secure more economical capital.
Mansa’s innovative methodology permits venture-backed enterprises to utilise an extensive array of assets as collateral, substantially broadening the spectrum of prospective borrowers. As institutional adoption of this paradigm gains momentum, Mansa’s transformative approach and strategic alliances will be instrumental in redefining the financial landscape in emerging markets. With a presence in both Africa and the United Kingdom, Mansa collaborates intimately with African enterprises to propel their growth through trade finance and cross-border payment liquidity.
“We are elated to unveil our new liquidity pool on Base,” proclaimed Mouloukou Sanoh, CEO and Co-founder of Mansa. “This initiative will empower businesses to surmount USD limitations and cumbersome manual processes that have traditionally impeded growth. Our platform unlocks novel sources of liquidity, directly addressing the credit deficit in emerging markets.”
Emerging markets, particularly in Africa, encounter a substantial financing gap that stymies business growth and economic expansion. Innovative and timely solutions such as Decentralised Finance (DeFi) are indispensable for the sustained advancement of these rapidly progressing economies.
Mansa harnesses blockchain technology to provide transparent and accessible avenues for trading and managing assets. By linking businesses with global investors, the platform is forging next-generation financial infrastructure that transcends traditional impediments such as a dearth of financial services and foreign exchange constraints. This visionary approach is especially advantageous for regions like Africa, where such limitations have historically curtailed growth.
