Moneda Invest Africa, a leading alternative credit provider, has partnered with meCash, a cross-border payments platform, to reshape Africa's financial ecosystem, particularly in payments and access to credit. The strategic alliance was unveiled at the Moneda Experience event held on March 14, 2025, in Lekki, Lagos, which brought together key stakeholders, including investors, entrepreneurs, and members of the press.

The partnership aims to provide credit to businesses executing contracts without the need for collateral, focusing on SMEs supplying materials or operating in the natural resources sector, spanning energy, agriculture, and minerals. According to Ejike Egbuagu, GCEO of Moneda, "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, thereby transforming the quality of our lives."

meCash's expertise in financial infrastructure complements Moneda's alternative credit and execution expertise, enabling seamless financial transactions across global markets. Modupe Diyaolu, Co-founder & CEO of meCash, emphasized that "SMEs are the bedrock of any economy, and we are excited to finance businesses that drive real impact." The partnership is committed to improving financial inclusion, secure and efficient payments, and cross-border transactions.

Financing SMEs in Africa comes with complex challenges, including high default rates and regulatory hurdles. meCash's expertise in financial infrastructure helps mitigate these risks by ensuring efficient fund disbursement, secure payments, and regulatory compliance across multiple African markets. "Compliance is the bedrock of financial services, and that's what differentiates us," said Diyaolu, highlighting meCash's role in ensuring seamless regulatory adherence and risk management for cross-border transactions.

The "Musa" app, demoed at the event, is a key component of the partnership. Precious Ehihamen, Ag Managing Director, Moneda Technologies, demonstrated how the platform ensures real-time transparency, transaction monitoring, and risk-sharing. Musa was built to democratize access to finance for SMEs, offering flexible credit options that bypass conventional collateral requirements and lengthy application processes. "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," he said.

With Musa, African critical SMEs will have access to global capital, providing a meeting point for suppliers, manufacturers, and service providers. The app enables users to input contract details, including the nature of the contract, required supplies, funding needs, and risk assessment. It then calculates the associated risks and provides a real-time dashboard to track completed transactions, making it easy to monitor progress.

The event concluded with a fireside chat featuring the CEOs of meCash and Moneda, moderated by Ugodre Obichukwu, CEO of Nairametrics. Key discussions centered around how this partnership overcomes traditional SME financing bottlenecks and the steps being taken to ensure sustainable credit repayment models.

With this partnership, Moneda and meCash are not just financing businesses – they are building a financial infrastructure that empowers African SMEs, enhances cross-border transactions, and drives economic growth across the continent. As the partnership continues to unfold, it is clear that it has the potential to revolutionize Africa's financial ecosystem, providing a much-needed boost to the region's economic development.