Mostaza
Bridge the gap between traditional financial services and the benefits of Web3 technology.
Project Overview
Mostaza is an emerging fintech based in Colombia, aiming to expand its services across Latin America. The project's vision is to bridge the gap between traditional financial services and the benefits of Web3 technology, making these innovations accessible to everyday users. With a focus on simplicity and ease of use, Mostaza's mission is to provide tools that empower users to take control of their financial future.
The MVP of Mostaza will launch as a USDT wallet, allowing users to fund their accounts via bank transfers initially. The platform will manage the conversion between Colombian Pesos and USDT, providing a simple experience for users looking to buy or sell crypto. Users will also have access to a virtual card linked to their wallet balance, enabling them to make purchases both online and in-store, locally and internationally. Mostaza also offers an investment opportunity through the exchange of their USDT funds for USDM, a yield-bearing stablecoin provided by Mountain Protocol. This stablecoin will offer an annual APY of 4-5%, giving users a reliable way to grow their savings without the volatility typically associated with crypto tokens. By providing a consistent return, this feature aims to appeal to users looking for a safer, more traditional investment option while still leveraging the advantages of Web3 technology. It also allows users to set long-term savings goals, helping them to build wealth over time.
Project goals
The primary goal during the discovery phase was to define and deeply understand the essence of Mostaza’s MVP—its product vision, technical foundation, and operational needs. This involved analyzing the problem at hand, proposing practical solutions, and outlining a clear, incremental roadmap for implementation. By thoroughly reviewing documentation, requirements, and designs, the team identified the optimal strategy to prioritize and develop features that would ensure a secure, scalable, and reliable product.
With the discovery phase successfully completed, the focus now shifts to bringing the vision to life by building the product itself!
SpaceDev’s contributions
Conducted a comprehensive Discovery Sprint to analyze Mostaza’s MVP from a product, technical, and operational perspective, ensuring a clear understanding of the problem and proposing practical, incremental solutions.
Collaborated closely with Mostaza’s team during the Discovery Sprint to define priorities, identify key features, and outline the product’s architecture and design.
Currently leading the development phase with a dedicated team that includes: 5 Developers, 1 QA Engineer, 1 Project Manager and 1 Product Designer, all focused on delivering a secure, scalable, and user-friendly platform.
Results
A Seamless Web3 Onboarding Experience. Mostaza is designed to be the perfect gateway into Web3 for everyday users, making crypto savings and investments as simple as traditional banking. With an intuitive interface and smooth user experience, Mostaza empowers its users to easily save, invest in crypto, and spend with a virtual card linked to their wallet.
Beyond the customer-facing platform, SpaceDev also developed a robust back-office system to help Mostaza’s internal team manage transactions and users efficiently. This ensures a seamless operational workflow, providing transparency and control over the platform’s financial ecosystem.
By combining user-friendly fintech solutions with the power of Web3, Mostaza is now positioned to bring financial empowerment to thousands across Latin America.
The project required
Team
1 Sr Web3 & Backend Developer
2 Sr Full Stack Developer (Backend & Mobile)
1 Ssr Mobile Developer
1 Ssr Full Stack Developer
1 Project Manager
1 QA Tester
1 Product Designer
Technologies
React Native
Nest.js
Next.js
MongoDB
PostgreSQL
AWS
Time
November 2024 - May 2025
The Bottom Line
SpaceDev played a key role in shaping Mostaza’s fintech vision by conducting a thorough Discovery Sprint, defining its MVP strategy, and ensuring a solid technical and operational foundation. Now, with a dedicated team, we are leading the development of a secure, scalable, and user-friendly USDT wallet and investment platform, bringing Mostaza’s Web3-powered financial services to life in Latin America.
