FasterCapital Selects Uganda’s MAM Telecom for EquityPilot Program to Raise $5 Million for Digital Liquidity Platform
MAM Telecom, a Ugandan fintech focused on solving mobile money float shortages, has been selected for FasterCapital’s EquityPilot program to raise $5 million in seed funding. The startup is building East Africa’s first 24/7 digital liquidity platform to provide instant mobile money float to agents and merchants. The funding will support licensing, technology, reserves, hiring, and nationwide rollout starting in 2026. The initiative addresses a major gap in Uganda’s fast-growing mobile money economy.