Moneda, a financial solutions provider, has entered a strategic partnership with meCash to launch Musa, a digital financing platform designed to support small and medium enterprises (SMEs) operating within the natural resources value chain. The initiative focuses on the energy, agriculture, and minerals sectors, and aims to enhance financial access for businesses driving Africa’s economic growth.
The partnership was officially signed at a ceremony in Lagos. According to Moneda, Musa is designed to eliminate traditional financing barriers by offering quick and flexible credit without the need for collateral or prolonged approval processes. Unlike conventional banks that rely on collateral-based lending, Musa utilizes advanced technology-driven credit assessment models. By analyzing real-time business activity, cash flow, and alternative data, the platform provides a more precise evaluation of an SME’s financial capacity.
Speaking at the signing event, Moneda’s Group Chief Executive Officer, Ejike Egbuagu, emphasized the importance of a financing solution tailored to the realities of African SMEs. “Musa is about breaking down the financial barriers that have hindered SME growth for too long. The energy, agriculture, and minerals sectors are crucial to Africa’s development, yet many businesses in these industries struggle to access the capital they need,” he stated. “With Musa, we are providing a seamless, technology-driven solution that allows SMEs to secure financing without unnecessary delays.”
Precious Ehihamen, a key partner in the initiative, highlighted Musa’s role in streamlining payments and enhancing financial agility for businesses. “We’re not just offering financing; we are simplifying how SMEs manage payments and access capital. Musa enables businesses to operate with financial confidence by eliminating bottlenecks that hinder their growth,” she explained.
Designed as a Pan-African initiative, Musa will provide financing solutions to SMEs across multiple countries, including Nigeria, Rwanda, Ghana, and Kenya. The platform’s digital-first approach removes geographical and structural limitations, making financing more accessible, particularly for businesses in rural and underserved areas.
Co-founder of meCash, Modupe Diyaolu, reaffirmed the partnership’s commitment to fair and transparent financing. “As many contracts as SMEs bring, we can support them without exploitative interest rates. Our goal is to provide businesses with the capital they need to grow—without unnecessary financial burdens,” she stated.
No Comments