A financial solutions provider, Moneda, has entered a strategic partnership with meCash to introduce Musa, a digital financing platform designed to support small and medium enterprises within the natural resources value chain, including energy, agriculture, and minerals.
According to a statement from Moneda on Thursday, the deal was signed at a ceremony in Lagos, thus marking a major step in enhancing financial access for businesses that drive Africa’s economic growth.
Musa aims to eliminate traditional financing hurdles by offering SMEs fast, flexible credit without requiring collateral or prolonged approval processes. Unlike traditional banks that depend on collateral-based lending, Musa employs advanced credit assessment models powered by technology. By leveraging real-time business activity, cash flow, and alternative data, the platform ensures a more accurate evaluation of SMEs’ financial capacity.
Speaking at the event, Group Chief Executive Officer of Moneda, Ejike Egbuagu, underscored the need for a financing solution tailored to the realities of SMEs operating in Africa’s key industries.
He said, “Musa is about breaking down the financial barriers that have hindered SME growth for too long. The energy, agriculture, and minerals sectors are vital to Africa’s progress, yet many businesses in these industries struggle to access the funding they need to operate efficiently.
With Musa, we are providing a seamless, technology-driven solution that ensures SMEs can access financing without unnecessary delays.
“Africa is a construction site, and we see our role as laying the foundation for long-term growth. By backing SMEs with the right financial tools, we are not just supporting businesses—we are building economies.”
Precious Ehihama, 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 allows businesses to operate with financial confidence, removing bottlenecks that slow down their growth,” Ehihama added.
Designed as a Pan-African initiative, Musa will provide financing solutions for SMEs in multiple African countries, including Nigeria, Rwanda, Ghana, and Kenya, among others.
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 said.
By leveraging digital technology, Musa removes geographical and structural limitations that have traditionally restricted financing access for SMEs, particularly in rural and underserved areas.
