Mansa, a Kenya-based fintech on a mission to democratise access to financing for businesses in Africa, has launched a new liquidity pool on Base.
Mansa, which provides liquidity to multinational exports and cross-border payments for companies in emerging markets, hopes to offer more efficient and accessible financial services with Base, a low-cost ‘Ethereum-equivalent’ L2 blockchain built on the OP Stack by Coinbase.
The fintech is currently live with two pools centred around remittance and stablecoin liquidity provision, helping African businesses access cheaper capital.
“We’re thrilled to launch our new liquidity pool on Base,” said Mouloukou Sanoh, co-founder and CEO 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.”
Mansa’s approach enables 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 transformative approach and strategic partnerships will play a crucial role in shaping the future of finance in emerging markets. With operations in both Nairobi, Kenya and London, England Mansa works closely with African businesses to support their growth with trade finance and cross-border payments liquidity.
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 also leverages blockchain technology to offer transparent and accessible means of trading and managing assets. By connecting businesses with global investors, the platform hopes to create the 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.
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