Cassava Network, one of Africa’s most progressive Web3 platforms specialising in rewards, entertainment, and arts, today announced that CEO Mouloukou Sanoh has stepped down to launch Mansa, a new fintech for African businesses.
Mouloukou’s departure comes after a transformative year leading the company.
His leadership laid the foundation for Cassava’s accelerated growth in Africa. During his tenure, he cultivated a formidable network of collaborators, uniting prominent Web2 and Web3 brands such as Boomplay, Carry1st, Scooper, VSkit, Ficool, BoundlessPay, Stakefair, Katana Inu, Awujo, and others under the Cassava banner.
Reflecting on his departure, Mouloukou commented, “The journey at Cassava Network has been nothing short of awe-inspiring. Our achievements in paving the way for Web3 in Africa speak volumes about the unyielding support from our team, board, and community leaders.”
Since its inception in 2021, Cassava Network has been an avant-garde force, driving blockchain infrastructure needed to transition Africa into the Web3 era. By introducing a digital identity system, multi-chain wallet, rewards platform, and NFTs, it has championed the migration from Web2 to Web3, fostering a thriving community along the way.
“It has been an exceptional privilege to contribute towards the Web3 renaissance across Africa. However, the time is ripe for a leadership transition at Cassava Network and for me to invest my efforts in a new venture,” Mouloukou shared.
As for his next chapter, Mouloukou is turning his focus to the credit issue crippling SMEs in Africa. His new company, Mansa, is a protocol that addresses current DeFi lending protocols’ major shortcoming: the requirement for borrowers to provide an excess of cryptocurrency collateral. This requirement stifles potential borrowers globally.
Mansa’s innovative approach enables venture-backed businesses to leverage a myriad of assets as collateral, providing crypto access to a significantly larger pool of borrowers. By embracing this forward-thinking model, Mansa is poised to shatter the limitations of traditional financial systems and introduce a new era of decentralised finance.
Mansa’s goal is to “democratise access to financing for businesses in emerging markets,” providing tailored financing solutions to businesses through blockchain technology. By connecting businesses with global investors and lenders, Mansa aims to bridge the gap between traditional financial systems and the evolving world of decentralised finance.
ABOUT CASSAVA NETWORK
Cassava Network is making the blockchain-first future of Africa’s internet. It is Africa’s Web3 platform focused on rewards, entertainment and arts, and has built a digital identity, a multi-chain wallet, a rewards platform and an NFT marketplace, onboarding over 400,000 users so far. Founded in 2021, Cassava Network is leading the way for crypto adoption in Africa with an expansive feature set on the way. Learn more here: https://www.cassava.network/
Mansa is an innovative DeFi lending protocol that seeks to democratise access to financing for businesses in emerging markets by providing tailored loans from global investors. It leverages blockchain technology to offer expansive and inclusive solutions for underserved markets.
Tony Elumelu Convenes Global Leaders And Calls for Immediate Climate Action for Africa at COP28 in Dubai
‘My apologies’ – Bimpe Akintunde writes open letter to Bisola Badmus
”Been a Fool” By Amakye Dede ft Sarkodie
HOT VIDEO: Leaked Video of a Ghanaian Seamstress goes viral
VIDEO: Pupil teacher c*ught having s*x with 11-year-old in an uncompleted Building
NDC declines EC’s invitation to review 2020 polls
GENERAL NEWS2 weeks ago
New details on mansion where Mrs. Kufuor is buried emerges
SHOWBIZ KONKONSAH3 weeks ago
Amerado: A rap star proving his mettle with ‘Kwaku Ananse’ story
GENERAL NEWS3 weeks ago
Watch as a brave Ghanaian farmer battles with a wild python he found on his farm
America2 months ago
Tupac Shakur’s sister calls new murder charge ‘pivotal moment’
SHOWBIZ KONKONSAH3 weeks ago
WATCH: Showboy released from US prison, deported back to Ghana
Finance3 weeks ago
#Don’tTaxMyPeriod protesters ‘ambush’ Ofori-Atta at parliament ahead of budget reading
South Africa News4 weeks ago
Criminals have declared war on South Africans – police minister
Lifestyle3 weeks ago
Couple gives birth to Quintuplet after 8 years of childlessness