# Mansa Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mansa-group

- Industry: Financial Services
- Headquarters: Vincennes, France
- Website: www.getmansa.com
- Total disclosed funding: $5.7M
- Latest round: Seed (Mar 16, 2021)
- Investors on record: 4

## About

Based in France, Mansa Group is a financial technology company that enhances access to banking services through innovative solutions, targeting underserved markets in Sub-Saharan Africa and Southeast Asia.Mansa Group, founded in 2019 in Vincennes, France, specializes in providing financial technology solutions. The company has raised EUR 4.001 mn in Seed funding as of March 2021, led by Anthemis Group, with participation from Serena, Altermind, and Founders Future. The total amount raised to date is EUR 4.001 mn, with a current valuation of EUR 15.190 mn. The team includes co-founders Ben Cambier, Bryan Waldron, Lebogang Modau, Marzouk Soumanou, and Remy Tinco, with Bryan Waldron serving as the CEO.Mansa offers a range of innovative financial technology solutions designed to enhance the accessibility and efficiency of financial services for both individuals and businesses. Their core offerings include a mobile app that facilitates seamless transactions, financial planning tools, and integrated payment systems aimed at improving cash flow management. These products are tailored to address the challenges of traditional banking, particularly in underserved markets, providing users with the ability to manage finances from their smartphones. The target clientele includes individual users seeking better financial management tools, small businesses looking for streamlined payment processing options, and larger institutions that require robust financial solutions. Mansa's services have been deployed primarily in regions such as Sub-Saharan Africa and Southeast Asia, where they cater to a growing demand for accessible financial technology.Mansa generates revenue through a combination of subscription-based models and transaction fees associated with their financial services. Clients engage with the platform via monthly or annual subscriptions, allowing them access to premium features and enhanced service offerings. Additionally, the company capitalizes on transaction fees incurred each time users conduct payments or utilize financial planning tools within the app. These transactions can range from individual user payments to business-to-business partnerships, where the services facilitate payments between companies. Flagship products such as their mobile app and integrated payment solutions are central to these revenue streams, contributing significantly to the overall financial health of the company.In March 2021, Mansa Group raised EUR 4 mn in Seed funding, which will be used to support the company's strategic initiatives, including the doubling of its workforce and international expansion. Mansa plans to collaborate with banks in the UK and Germany, targeting these regions for growth. The financing will also support the design and launch of upcoming new products, further enhancing their financial technology solutions.

## Funding rounds

- Seed, Mar 16, 2021, $4.8M — Serena, Anthemis, Founders Future, Altermind
- Seed, Oct 31, 2019, $0.9M — Founders Future

## Investors

- Founders Future (https://capitalatlas.ai/funds/founders-future) — Seed
- Serena (https://capitalatlas.ai/funds/serena) — Seed
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Seed
- Altermind — Seed