Tether backed the $10 million round for cross-border payments company Mantha. Venture capital firm polymorphisms co-led the round. This has raised $7 million, adding to the previously raised $3 million.
Tether, the world’s largest Stablecoin USDT issuer, led a $10 million funding round for cross-border payment provider Mansa.
Mantha announced the end of its $10 million funding round on Thursday, February 20th. It noted that this is key to Fintech Company’s plan to enhance cross-border payments by addressing the liquidity challenges facing providers.
Venture capital firm Polymorphism Capital co-leaded the round and attracted participation from top VC platforms Octerra Capital, Fanculty Group and Trive Digital. Mantha had previously raised $3 million in the pre-seed round, but $7 million totaled $10 million from the latest pay raise investors.
With each blog post details, the company plans to use these funds in its expansion efforts in Latin America and Southeast Asia. Funds also come in fresh, bespoke liquidity and auxiliary solutions set up to make payments on-chain.
“We are tackling key challenges in cross-border trading by bringing payments in the chain and leveraging efficient liquidity solutions.”
Global expansion of payment companies
Mantha was launched in August 2024 and has grown rapidly amid major partnerships in the payments field.
Its footprint includes integration with payment providers in Africa, Asia and South America.
The company’s growth led to $11 million in chain transactions in January 2025. This represents a 574% increase from the previous year. Growth comes amid the rise in the adoption of stubcoin. USDT is a major player in this initiative.
“By leveraging USDT for real-time settlements and immediate payments, Mansa is solving key issues for payment companies operating in emerging markets. Working with Mansa to create global payment infrastructure We are proud to support their efforts to rebuild,” Tether CEO Paolo Aldoino added.
