Case Study - Mowana

Mowana

Cross-border commerce and currency exchange for Nigerian vendors

$40K + GBP10Kprocessed in exchange volume

Nigerian vendors had no reliable way to sell into UK and US markets and get paid in their local currency. Traditional cross-border transfer methods were slow and expensive, making international sales impractical for small and mid-sized vendors trying to reach diaspora and international customers.

01
Dec 2022 - Apr 20235 months

MVP

Core platform enabling Nigerian vendors to list and sell products to UK/US buyers, with vendor onboarding built on QoreID (formerly VerifyMe) for NIN verification, meeting KYC requirements from day one.

02
May - Jul 20233 months

Bill Payment Integration

Extended the platform with bill payment functionality, giving vendors more reasons to stay active on the platform beyond product sales alone.

03
Aug - Oct 20233 months

Currency Exchange

Built the platform's core differentiator: real-time currency exchange. USD and GBP collection ran through Stripe, Naira transfers were handled via Flutterwave, and settlement logic reconciling collected foreign currency against vendor payouts was built in-house.

BackendASP.NET Core (C#)
Mobile.NET MAUI
WebVue.js
USD/GBP CollectionStripe
Naira PayoutFlutterwave
Settlement LogicIn-house
Vendor KYCQoreID (NIN verification)

Mowana processed approximately $40,000 USD and 10,000 GBP in currency exchange volume, giving Nigerian vendors a functioning path to sell internationally and receive payment in Naira without relying on slow, expensive traditional transfer channels - validating the full loop from vendor onboarding through cross-border collection to local settlement.

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