Transaction

MAM Telecom Ltd receives USD 250k grant

Announced

8 October 2026

Target

MAM Telecom Ltd

Value

$250,000

Asset class

Venture Capital

Type

Investment

Instrument

Grant

Lead investors

Undisclosed Investors

Investors

Undisclosed Investors

Sector

Financial services / Payments Infrastructure

Markets

Uganda

About the target

MAM Telecom Ltd is a Uganda-based financial infrastructure company building digital float liquidity and payment settlement services for mobile money agents, fintechs, and enterprises. Headquartered in Kampala, MAM Telecom is developing a platform that gives agents on-demand digital float, with centralised settlement, reconciliation, real-time reporting, and API connectivity. MAM Telecom positions the platform as a settlement layer connecting existing financial players rather than a consumer wallet, and states that it is building integrations with MTN and Airtel. A complementary product, MAM Fex, is in development to handle cross-border remittances and foreign exchange on the same infrastructure.