MAM Telecom Ltd, a Kampala-based financial technology firm addressing mobile money float shortages, has been accepted into FasterCapital’s prestigious EquityPilot acceleration program. The partnership aims to support MAM Telecom in raising a $5 million seed round to launch East Africa’s first 24/7 digital float liquidity platform.
The initiative seeks to solve a critical bottleneck in Uganda’s mobile money ecosystem. While the sector processes over UGX 50 trillion annually, more than 300,000 agents face daily revenue losses due to float depletion. These shortages are particularly acute during nights, weekends, and in rural areas where traditional banks cannot deliver instant liquidity.
Milon Ahabwe Mutebile, Founder and CEO of MAM Telecom Ltd, emphasized that the current reliance on banking hours for liquidity is hurting agent revenue.
“Agents should never turn away customers because they have no float at 8 PM or on a Sunday,” said Mutebile. “With FasterCapital’s backing, we will make liquidity instant, unlimited, and available to every agent in Uganda starting in 2026.”
To achieve this, MAM Telecom is building a fully licensed digital liquidity infrastructure. The platform will provide agents, merchants, SACCOs, and institutions with instant, round-the-clock mobile money float and emergency top-ups via real-time dashboards and API integrations with MTN, Airtel, and banks.
Dubai-based FasterCapital will facilitate the fundraising process through its EquityPilot program, offering global investor introductions, pitch refinement, and due diligence structuring.
Hesham Zreik, CEO of FasterCapital, noted the strategic importance of solving liquidity issues in the region.
“MAM Telecom is solving one of the largest hidden frictions in African digital payments,” Zreik stated. “Their model is highly scalable and deeply needed. We are excited to help them raise capital and grow across the region.”
The $5 million seed round will be utilized to fund regulatory licensing, technology development, initial float reserves, and team expansion. The company plans to begin its nationwide rollout in Kampala before expanding to three rural districts.
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