Moneda and meCash Associate to Launch Musa, a Sport-Altering Financing Platform for African SMEs
Moneda, a number one {financial} options supplier, has formally signed a strategic partnership with meCash to launch Musa, a digital financing platform tailor-made for SMEs working within the pure assets worth chain, together with Power, Agriculture, and Minerals.
The partnership signing occasion, held in Lagos, marks a big milestone in increasing {financial} entry for companies that drive Africa’s {economic} improvement.
Musa goals to take away conventional financing limitations, providing SMEs quick, versatile credit score with out the burden of collateral or prolonged approval processes.
Talking on the signing, Ejike Egbuagu, Group CEO of Moneda, emphasised the pressing want for a financing resolution that understands the realities of SMEs working in Africa’s core industries.
“Musa is about breaking down the {financial} limitations which have hindered SME development for too lengthy. The Power, Agriculture, and Minerals sectors are very important to Africa’s progress, but many companies in these industries battle to entry the funding they should function effectively. With Musa, we’re offering a seamless, technology-driven resolution that ensures SMEs can entry financing with out pointless delays,” Egbuagu said.
Not like conventional banks that depend on collateral-based lending, Musa makes use of technology-driven credit score evaluation fashions, leveraging real-time enterprise exercise, money circulation, and various knowledge to guage SMEs’ {financial} capability.
Treasured Ehihama, a key determine within the partnership, highlighted the platform’s position in simplifying funds and growing {financial} agility for companies.
“We’re not simply providing financing; we’re simplifying how SMEs handle funds and entry capital. Musa permits companies to function with {financial} confidence, eradicating bottlenecks that decelerate their development,” Ehihama stated.
The financing mannequin ensures that SMEs can safe funds shortly to help important operations, akin to restocking provides, scaling production, and managing operational prices with out disruptions.
Designed to serve SMEs throughout a number of African nations, Musa is a Pan-African initiative, making certain that companies in Nigeria, Rwanda, Ghana, Kenya, and past have entry to financing tailor-made to their industries.
Modupe Diyaolu, co-founder of meCash, bolstered the partnership’s dedication to truthful and clear financing.
“As many contracts as SMEs carry, we will help them with out exploitative rates of interest. Our objective is to offer companies with the capital they should develop—with out pointless {financial} burdens,” she stated.
By leveraging digital know-how, Musa is eradicating the geographical and structural limitations which have historically made financing tough for SMEs in rural and underserved areas.
The Moneda-meCash partnership and the launch of Musa are set to reshape SME financing throughout Africa, making certain that companies in Power, Agriculture, and Minerals—the spine of the continent’s economies—can entry quick, versatile, and sustainable financing options.
“Africa is a development web site, and we see our position as laying the muse for long-term development. By backing SMEs with the appropriate {financial} instruments, we aren’t simply supporting companies—we’re constructing economies,” Egbuagu added.
With Musa, Moneda and meCash are setting a brand new normal for SME financing, proving that finance ought to be a bridge, not a barrier.
About Moneda Make investments Africa (Group):
Moneda is an Africa-facing funding agency established in 2015, with a imaginative and prescient to rework African pure assets into African wealth. The agency makes use of various credit score and operational help to set off development in SMEs throughout the pure useful resource worth chain – accelerating African improvement whereas recording sustained outsized returns. During the last 10 years, Moneda has executed credit score trades into Africa in extra of $200m. In 2024, Moneda Capital (a completely owned subsidiary) acquired a International Fund Supervisor license from the {Financial} Companies Fee of the Republic of Mauritius – launching a $250m credit score fund to develop its collaborative funding program throughout Africa.
For extra data:
Musa:
Moneda Make investments Africa:
meCash:
