Mansa has today announced the launch of its first pool on Base. Mansa is a decentralized finance platform that connects global investors with businesses in African markets seeking loans. Base is on its part, is an Ethereum-equivalent L2 blockchain built on the OP Stack by Coinbase.
Launching on Base is an important step for the fintech. The move is expected to make the company’s financial services more accessible to its clients. Mansa is currently live with two innovative pools centred around remittance and stablecoin liquidity provision, helping African businesses access capital.
“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.”
The fintech’s approach allows venture-backed businesses to use a wide range of assets as collateral. This significantly expands its pool of potential borrowers. By combining its on-the-ground presence in Africa and the UK with a deep understanding of local business needs, Mansa is accelerating growth through trade finance and cross-border payment solutions.
Mansa harnesses blockchain technology to establish a transparent ecosystem for asset trading and management. It bridges the gap between businesses in emerging markets and global investors via its financial infrastructure. The fintech’s approach addresses the challenges of limited financial services and foreign exchange restrictions, particularly prevalent in regions like Africa. This helps businesses in the content to access capital and expand their operations.
