Mansa, a leading fintech company, has launched its first liquidity pool on Base. Base is a secure and low-cost Ethereum-equivalent Layer 2 blockchain developed by Coinbase using the OP Stack. This development aligns with Mansa’s mission to democratize access to financing for businesses in Africa.
Base’s platform enables Mansa to offer more efficient financial services. This includes two innovative pools for remittance and stablecoin liquidity, aimed at providing African businesses with cheaper capital. Mansa’s model allows venture-backed companies to use a diverse range of assets as collateral, broadening the scope for potential borrowers. This approach is expected to accelerate institutional adoption, shaping the future of finance in emerging markets.
Mouloukou Sanoh, CEO and Co-founder of Mansa, highlighted that the new liquidity pool will help businesses overcome USD limitations and streamline previously manual processes, thus addressing the significant credit gap in emerging markets.
Mansa’s platform uses blockchain technology to facilitate transparent and accessible asset management, connecting businesses with global investors and creating next-generation financial infrastructure. This is particularly crucial for Africa, where traditional financial barriers have long hindered economic growth.
