MoneyHash to Transform Payments in Emerging Markets

MoneyHash, US-based Egyptian born and the leading payment orchestration platform in the Middle East and Africa (MEA), has raised $5.2M in pre-A funding to fuel its growth and innovation in the region.

Investor Highlights: The round was led by Flourish Ventures, a global fintech investor behind Chime, FairMoney, Flutterwave, among others. Additional support from Vision Ventures (Saudi Arabia), Xelerate (Arab Bank), and Emurgo Kepple Ventures and Jason Gardner, founder of Marqeta.

Existing investors COTU, RZM Investment, and Tom Preston-Werner (Github founder) also contributed.

Rapid Growth: Previously raised $4.5M in early 2024 to drive tech development and regional expansion, Moneyhash moves towards further growth validated by partnerships with prominent brands and strong regional and global market performance.

This funding will enable the company to expand its impact across MEA and beyond, equipping merchants with the tools to scale efficiently and provide a seamless payment experience for their customers.

"In emerging markets, payment infrastructure remains significantly underdeveloped… The opportunity to solve this is immense… We've built MoneyHash specifically to help merchants overcome these complex challenges and turn payments from a liability into a strategic advantage." - Nader Abdelrazik, co-founder and CEO of MoneyHash.