Michael Collins: The Visionary Behind MCO Penny Named Among Africa’s Under 40 CEOs

With innovation at his core and impact in his stride, Michael Collins continues to redefine leadership and digital finance for a new Africa.

In a proud and inspiring moment for Nigeria’s entrepreneurial space, Michael Collins, the visionary Founder and CEO of MCO Penny, has been named among Africa’s Under 40 CEOs by Young African CEOs, Johannesburg, South Africa.

This prestigious honour places Michael among a distinguished league of young African leaders who are not just building businesses but rewriting the story of innovation, inclusion, and impact across the continent.
But for Michael, this isn’t just another plaque on the wall.
MCO Penny was never just about business, “It’s always been a passion project built to empower civil servants, SMEs, and underserved communities with smart financial solutions that are fast, accessible, and trustworthy.”

Under 40 and already a national force in digital finance, Michael Collins leads MCO Penny with bold clarity of purpose: to make financial access seamless for everyday Nigerians, especially civil servants and small business owners. From instant salary-backed loans to SME-friendly support schemes, MCO Penny continues to bridge the gap between need and opportunity swiftly and securely.

At the heart of MCO Penny’s success is a powerful blend of technology, trust, and a human-centered App. The platform has become a dependable financial lifeline, removing the long queues and paperwork of traditional banking. In just minutes, users can access loans right when they need them most.

Beyond lending, MCO Penny also offers flexible savings and investment plans, tailored for individuals and partners who want their money to work smarter. Transparency, innovation, and shared growth remain the foundation of every partnership the company builds.

And yet, behind all the achievements, Michael Collins remains grounded in purpose.

“This recognition isn’t about me,” he said. “It’s for every Nigerian civil servant who wakes up early to serve the nation. It’s for our team who give their all daily. And it’s proof that youth is no barrier to meaningful, lasting impact.”

From a modest idea to a national platform, Michael’s journey reflects the power of purpose-driven leadership. His Lagos office is not just filled with awards and vision boards, it now houses the Africa’s Under 40 CEO trophy, a symbol of what’s possible when vision meets execution.
Michael Collins’ rise is more than personal success. It’s a win for digital entrepreneurship, inclusive finance, and a new wave of Nigerian leadership that puts people before profit.

As MCO Penny continues to expand its reach and digital footprint, one thing remains certain: Michael isn’t just building a company, he’s leading a movement. One powered by passion, people, and possibilities.