Grant · Fintech
MAM Telecom secures $250,000 grant for Uganda payments launch
The funding will support licensing, technology development, compliance and hiring.
The Kampala company announced the grant on October 8. It came from a South African businessman who asked to remain unnamed.
MAM Telecom is preparing infrastructure that gives mobile-money agents access to digital float and helps financial-service providers settle and reconcile payments. The grant will fund technical and operational preparations before the planned Uganda rollout.
Use of funds
Licensing and compliance systems
Technology development
Technical and operations hiring
Funding history
Grant · This round$250K