Moneda Invest Africa has partnered with meCash to revolutionize Africa’s financial ecosystem by enhancing payment solutions and credit accessibility for small and medium-sized enterprises (SMEs). The strategic alliance was officially unveiled at the Moneda Experience event on March 14, 2025, in Lekki, Lagos, where the groundbreaking “Musa” app was also introduced.
A Game-Changing Collaboration
The event gathered key industry stakeholders, including:
- Ejike Egbuagu, Group Chief Executive Officer of Moneda
- Modupe Diyaolu, Co-founder and CEO of meCash
- Adebusola Adegbuyi, Co-founder and Chief Technology Officer of meCash
- Precious Ehihamen, Acting Managing Director of Moneda Technologies
- Investors, industry experts, and members of the press
Discussions revolved around the future of SME financing and the critical role of accessible credit in economic growth.
Addressing SME Financing Challenges
Moneda Invest Africa specializes in alternative credit solutions within energy, agriculture, and mining sectors, offering financial and execution expertise to SMEs operating in Africa’s natural resource value chains. Meanwhile, meCash provides seamless cross-border payment solutions that ensure efficient global transactions.
Together, Moneda and meCash are tackling a major obstacle for SMEs—access to credit. The Musa app is designed to finance businesses executing contracts without requiring traditional collateral, focusing on suppliers and operators in energy, agriculture, and mineral sectors.
“To truly uplift our economy, we must ensure that businesses can access credit, create value, and drive industry transformation,” said Ejike Egbuagu, Group CEO of Moneda.
Musa: A New Era for SME Credit Access
Unlike many fintech solutions that primarily focus on digital consumer lending, Musa introduces a structured credit model tailored for Africa’s natural resource sectors. This app operates with the discipline of traditional financial institutions, providing structured financing and risk-controlled disbursement to ensure SMEs receive the support they need.
Key features of Musa include:
- Real-time transparency: Businesses can monitor transactions and track funding progress.
- Risk-sharing approach: Credit options are structured to minimize risk for both lenders and SMEs.
- Streamlined contract execution: Users can input contract details, funding needs, and risk assessments for instant financing solutions.
“We are committed to building financial infrastructure that simplifies access to credit, reduces bureaucratic hurdles, and provides SMEs with the capital needed to execute contracts efficiently,” said Precious Ehihamen, Acting Managing Director of Moneda Technologies.
A Vision for the Future
meCash’s focus on financial inclusion ensures that SMEs can engage in secure, efficient, and cross-border transactions with ease. “SMEs are the backbone of any economy, and we are excited to finance businesses that create real impact,” stated Modupe Diyaolu, Co-founder and CEO of meCash.
Compliance remains a cornerstone of Musa’s operations. By leveraging meCash’s financial infrastructure expertise, the platform ensures strict adherence to regulatory requirements, making it a secure and viable solution for African markets.
Conclusion
The Moneda Experience event concluded with a fireside chat featuring the CEOs of meCash and Moneda, moderated by Ugodre Obichukwu, CEO of Nairametrics. The discussion centered on overcoming common SME financing barriers and strategies for sustainable credit repayment structures.
Through this partnership, Moneda and meCash are not just providing financial assistance—they are building a robust financial ecosystem that empowers African SMEs, facilitates cross-border trade, and drives economic growth across the continent.
