Moneda Invest Africa has joined forces with meCash to transform Africa’s financial ecosystem, focusing on seamless payments and improved access to credit for small and medium-sized enterprises (SMEs). The partnership was officially unveiled at the Moneda Experience on March 14, 2025, in Lekki, Lagos, where the companies introduced their innovative financial solution, Musa.
The event brought together key industry leaders, including Ejike Egbuagu, GCEO of Moneda; Modupe Diyaolu, Co-founder of meCash; Adebusola Adegbuyi, Co-founder and CTO of meCash; and Precious Ehihamen, Acting Managing Director of Moneda Technologies. Investors and members of the press were also present to discuss how Musa aims to redefine credit accessibility for SMEs across Africa.
With limited financing often being a major hurdle for small businesses, this strategic alliance seeks to provide a tech-driven solution that empowers entrepreneurs, fuels economic growth, and strengthens Africa’s financial landscape.
Moneda Invest Africa, a specialist in energy, agriculture, and mining finance, has partnered with meCash, a cross-border payments platform, to launch Musa—a game-changing credit solution designed to empower small and medium-sized enterprises (SMEs) in Africa’s natural resource value chains.
Unlike traditional financing options that require collateral, Musa offers structured credit for SMEs executing contracts in key sectors, ensuring they can secure the funding needed to deliver on projects without financial bottlenecks.
“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,” said Ejike Egbuagu, GCEO of Moneda.
For meCash, this collaboration represents a commitment to financial inclusion, secure payments, and cross-border transaction efficiency. “SMEs are the bedrock of any economy, and we are excited to finance businesses that drive real impact,” added Modupe Diyaolu, Co-founder & CEO of meCash.Financing SMEs in Africa comes with hurdles like high default risks and regulatory complexities. meCash leverages its financial infrastructure expertise to mitigate these risks through efficient fund disbursement, secure transactions, and compliance across multiple African markets.
“Compliance is the bedrock of financial services, and that’s what differentiates us,” noted Diyaolu, emphasizing meCash’s role in ensuring seamless regulatory adherence for cross-border transactions.
Musa sets itself apart by offering structured financing akin to traditional financial institutions while integrating fintech-driven efficiency. This ensures SMEs in energy, agriculture, and minerals have access to reliable capital without the uncertainty of conventional lending models.
A highlight of the Moneda Experience event was the live demo of the Musa app, presented by Precious Ehihamen, Acting Managing Director of Moneda Technologies. The platform offers real-time transaction monitoring, risk-sharing, and seamless credit access.
“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,” said Ehihamen.
With Musa, SMEs gain access to global capital while seamlessly connecting suppliers, manufacturers, and service providers. The app enables businesses to input contract details, assess funding needs, and track transactions in real time, ensuring a transparent and efficient financing process.
By eliminating collateral barriers and streamlining access to funding, Musa is poised to redefine SME financing in Africa—fueling growth, innovation, and economic transformation.
The event wrapped up with a fireside chat featuring the CEOs of meCash and Moneda, moderated by Ugodre Obichukwu, CEO of Nairametrics. The discussion explored how this partnership is breaking down traditional barriers to SME financing and the strategies in place to ensure sustainable credit repayment models.
With this collaboration, Moneda and meCash are doing more than just providing funding—they’re building a financial infrastructure that empowers African SMEs, streamlines cross-border transactions, and fuels economic growth across the continent.
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