Moneda Invest Africa and meCash have formed a strategic partnership to revolutionize the financial landscape in Africa, with a specific focus on enhancing payments and credit accessibility. The announcement of this collaboration, along with the launch of the innovative “Musa” app, took place during the Moneda Experience event held on March 14, 2025, in Lekki, Lagos.
The event brought together key stakeholders, including Ejike Egbuagu, Group CEO of Moneda; Modupe Diyaolu, Co-founder of meCash; Adebusola Adegbuyi, Co-founder and CTO of meCash; Precious Ehihamen, Acting MD of Moneda Technologies; investors; and members of the press. The discussions centered on the future of credit access for vital SMEs operating within Africa’s natural resource value chains.
Moneda Invest Africa specializes in energy, agriculture, and mining, providing alternative credit solutions and expertise to essential SMEs in Africa’s natural resource sectors. Complementing this effort is meCash, a cross-border payments platform designed to facilitate seamless financial transactions across global markets.
The partnership aims to offer credit to businesses executing contracts without the need for collateral, with a focus on SMEs within the energy, agriculture, and minerals sectors. Ejike Egbuagu, Group CEO of Moneda, emphasized the importance of providing access to credit for businesses to create value and transform industries, ultimately improving lives.
For meCash, this collaboration represents a commitment to advancing financial inclusion, secure payments, and smooth cross-border transactions. Modupe Diyaolu, Co-founder and CEO of meCash, highlighted the significance of financing businesses that drive real impact and contribute to economic growth.
Financing SMEs in Africa comes with challenges such as 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 regulatory compliance across African markets.
The “Musa” app is set to revolutionize capital access by offering a structured credit model tailored for Africa’s natural resource sectors. Unlike other fintech solutions focusing on digital and consumer lending, Musa functions with the reliability of a traditional financial institution, providing structured financing and risk-controlled disbursement to support critical SMEs across Africa.
During the event, Precious Ehihamen, Acting MD of Moneda Technologies, demonstrated the capabilities of the Musa app, showcasing its real-time transparency, transaction monitoring, and risk-sharing features. The app aims to democratize access to finance for SMEs by offering flexible credit options without traditional collateral requirements or lengthy application procedures.
Through Musa, African SMEs will gain access to global capital, serving as a hub for suppliers, manufacturers, and service providers. The app allows users to input contract details, funding needs, and risk assessment, offering a real-time dashboard to track transactions and monitor progress.
The event concluded with a fireside chat featuring the CEOs of meCash and Moneda, moderated by Ugodre Obichukwu, CEO of Nairametrics. The discussion focused on how the partnership addresses challenges in SME financing and supports sustainable credit repayment structures.
Through this collaboration, Moneda and meCash are not only providing financing but also establishing a financial infrastructure that empowers African SMEs, facilitates cross-border transactions, and drives economic growth across the continent.
