Mantas provides instant payouts for cloud outage insurance

A while ago, I walked into a meeting with a founder friend, and he looked like he had not slept for two nights. He really had not.

Fintech of my choice: Mantas

His cloud infrastructure went down, revenue stopped, support tickets exploded, and the contract basically said “good luck” when it came to compensation. That moment stayed with me because it is one of those modern risks that feels obvious, but rarely gets priced properly.

Mantas is an insurtech from Dubai that turns cloud outages into something you can actually insure, and get paid for, fast. They offer parametric insurance that pays out automatically when Amazon AWS or Google Cloud goes down, based on objective uptime metrics, not on long claims arguments.

They came out of stealth with a $1.77M seed round backed by Nuwa Capital, Suhail Ventures, Plus VC and others. The CEO, Basil Mimi, is blunt about the pain: digital-first companies carry a real liability when cloud providers fail, and most teams only “feel” that liability after the first disaster.

The product logic is clean. Mantas monitors uptime, and if the outage hits the agreed threshold, it triggers an instant payout. They are going after fintechs, SaaS, airlines, and ecommerce, which makes sense because downtime there is not an inconvenience. It is a measurable loss.

I like this direction because cloud-native businesses are now like airlines running on someone else’s engines. Redundancy helps, but it is expensive and imperfect. A parametric cover can become another layer in the survival stack, especially as the dependency on infrastructure keeps growing.

Mantas plans to launch in the Middle East first, then expand globally. That sequence also makes sense. When you build in regions where operational risk is taken seriously, and businesses move fast, you get to pressure-test the model early.

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If I ran a fintech today, I would rather pay a predictable premium than discover, at 3 a.m., that my backup plan is just panic and a status page refresh.

When was the last time your business had serious downtime, and did you have a clear financial plan for that loss?

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