Cassava Network, a Web3 platform specializing in rewards, entertainment, and arts in Africa, announced that CEO Mouloukou Sanoh has stepped down to launch Mansa, a new fintech for African businesses.
Mouloukou’s departure follows a year leading the company, laying the foundation for Cassava’s growth in Africa. During his tenure, he built a network of collaborators, uniting Web2 and Web3 brands such as Boomplay, Carry1st, Scooper, VSkit, Ficool, BoundlessPay, Stakefair, Katana Inu, Awujo, and others under the Cassava banner.
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 driven blockchain infrastructure to transition Africa into the Web3 era. Introducing a digital identity system, multi-chain wallet, rewards platform, and NFTs has championed the migration from Web2 to Web3.
As for his next chapter, Mouloukou focuses on the credit issue affecting African SMEs. His new company, Mansa, is a protocol that addresses DeFi lending protocols’ major shortcoming: the requirement for borrowers to provide an excess of cryptocurrency collateral. This requirement stifles potential borrowers globally.