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Moneda Invest Africa has joined forces with meCash to transform Africa’s financial landscape, focusing on payments and credit accessibility. The official announcement of this strategic partnership, along with the unveiling of the “Musa” app, took place during the Moneda Experience event held on March 14, 2025, in Lekki, Lagos.
The gathering brought together notable stakeholders, including Ejike Egbuagu, Group Chief Executive Officer of Moneda; Modupe Diyaolu, Co-founder of meCash; Adebusola Adegbuyi, Co-founder and Chief Technology Officer of meCash; Precious Ehihamen, Acting Managing Director of Moneda Technologies; investors; and members of the press. Discussions centered on the future of credit access for vital SMEs.
Moneda Invest Africa focuses on energy, agriculture, and mining, offering alternative credit solutions and execution expertise to critical SMEs operating within Africa’s natural resource value chains. Complementing this effort is meCash, a cross-border payments platform designed to facilitate seamless financial transactions across global markets.
Together, both organizations aim to provide credit to businesses executing contracts — without requiring collateral. Their focus remains on SMEs that supply materials or operate within the natural resources sector, covering energy, agriculture, and minerals.
“What will truly change the quality of our lives is ensuring that businesses get access to credit, empowering them to create value and transform industries, thereby transforming the quality of our lives,” said Ejike Egbuagu, Group CEO of Moneda.
For meCash, this collaboration represents a commitment to advancing financial inclusion, secure and efficient payments, and smooth cross-border transactions. “SMEs are the bedrock of any economy, and we are excited to finance businesses that drive real impact,” said Modupe Diyaolu, Co-founder and CEO of meCash.
Financing small and medium-sized enterprises (SMEs) in Africa presents numerous challenges, including high default rates and regulatory complexities. meCash leverages its financial infrastructure expertise to address these issues by enabling efficient fund disbursement, secure payment processes, and strict regulatory compliance across various African markets.
“Compliance is the foundation of financial services, and that’s what sets us apart,” stated Diyaolu, highlighting meCash’s commitment to ensuring smooth regulatory adherence and effective risk management for cross-border financial transactions.
MUSA is positioned to transform capital access by offering a structured credit model specifically designed for Africa’s natural resource sectors. Unlike many fintech solutions that concentrate only on digital and consumer lending, MUSA functions with the discipline and dependability of a traditional financial institution. It provides structured financing and risk-controlled disbursement to support critical SMEs throughout Africa.
One of the key moments of the event was the demonstration of “Musa,” an app developed to strengthen this partnership. Precious Ehihamen, Acting Managing Director of Moneda Technologies, showcased how the platform delivers real-time transparency, transaction monitoring, and risk-sharing. Musa is designed to democratize access to finance for SMEs by offering flexible credit options that eliminate the need for traditional collateral and lengthy application procedures. “What we are doing is sharing the risk with SMEs, providing them with the financial infrastructure to execute contracts and receive payments without unnecessary roadblocks,” he explained.
Through Musa, critical African SMEs will gain access to global capital, serving as a hub for suppliers, manufacturers, and service providers. The app allows users to enter contract details, such as the nature of the contract, required supplies, funding needs, and risk assessment. It then calculates the associated risks and offers a real-time dashboard to track completed transactions, making it simple to monitor progress.
The event wrapped up with a fireside chat featuring the CEOs of meCash and Moneda, with Ugodre Obichukwu, CEO of Nairametrics, serving as the moderator. The conversation focused on how this partnership is addressing the common challenges faced in SME financing and the measures being implemented to support sustainable credit repayment structures.
Through this collaboration, Moneda and meCash are doing more than providing financing — they are establishing a financial infrastructure that empowers African SMEs, facilitates cross-border transactions, and fuels economic growth throughout the continent.
