• Suleiman Murunga founded Muda in 2021, a global payments platform that supports individuals and businesses in over 50 countries.
• Muda offers regulatory compliance, currency conversion, and end-to-end fund delivery, including digital and fiat currencies.
• Murunga also leads Murcom, sits on the Blockchain Association of Uganda board, and previously founded fintechs M-Duka and Coinpesa.

Ugandan entrepreneur Suleiman Murunga founded Muda in 2021 and serves as its chief executive officer. The platform enables users to send and receive payments globally through a single interface. Muda manages regulatory compliance, currency conversion, and delivery of funds to final beneficiaries. It provides access to money in over 50 countries, supporting both fiat and digital currencies.

Muda positions itself as a comprehensive platform catering to both corporate and individual users. Businesses can process supplier payments and cross-border transactions, while individuals can use the platform for rapid transfers and remittance services. Muda aims to ensure a seamless experience for all users through a shared technological base and harmonized services.

The platform allows businesses to obtain dedicated accounts, including IBANs or local accounts, by client or payment corridor. This feature simplifies tracking and reconciliation of financial flows. Muda also offers digital wallets for multiple assets—including USDC, USDT, and cNGN—complete with internal rules, audit trails, and multi-network compatibility.

Murunga also serves as CEO of Murcom, a software development company that manages blockchain initiatives. He sits on the board of the Blockchain Association of Uganda, an organization connecting professionals, experts, and enthusiasts in the sector. Murunga previously founded M-Duka, a fintech operating from 2012 to 2015, and served as CEO of Coinpesa from 2017 to 2021, a cryptocurrency exchange aimed at broadening access to digital assets.

Murunga holds a bachelor’s degree in marketing management from Coventry University in the UK (2010). In 2015, he became CEO of Pegasus Technologies, a fintech company.

This article was initially published in French by Melchior Koba

Adapted in English by Ange J.A de BERRY QUENUM