Image Source: TechCabal
MoneyHash, an Egyptian fintech company specializing in unified payment solutions, has raised $5.2 million in its pre-Series A funding round. The funds will bolster the company’s growth in the Middle East and North Africa (MENA) region while enabling expansion into new markets.
The funding round was led by Flourish Ventures, with additional support from Vision Ventures (Saudi Arabia), Arab Bank’s Xelerate Fund, and Emurgo Kepple Ventures. Notable individual investor Jason Gardner, founder and former CEO of Marqeta, also participated, alongside returning investors like COTU, RZM Investment, and Tom Preston-Werner.
This latest investment brings MoneyHash’s total funding to $12.7 million, following a $4.5 million seed round in 2024 and a $3 million pre-seed round in 2022.
Established in 2020 by Nader Abdelrazik and Mustafa Eid, MoneyHash addresses the fragmented payments landscape faced by large merchants in the MENA region. Businesses operating across borders often grapple with the complexities of managing multiple payment methods and providers. MoneyHash resolves this by offering a single platform that consolidates various payment gateways—including Checkout, Stripe, Ayden, Amazon Pay, Tap, and ValU—via a unified API. This system helps businesses enhance efficiency while reducing fraud risks.
Initially, the startup provided sandbox access to its API for companies to connect with local gateways such as Fawry, Paymob, and PayTabs.
“Our mission is to transform payment operations from being a challenge into a strategic advantage for businesses,” said Nader Abdelrazik, CEO and co-founder of MoneyHash.
One of MoneyHash’s standout features is its extensive integration network. “With over 300 pre-integrated APIs covering payment providers and methods across more than 100 markets, we’re not just solving present-day issues—we’re laying the foundation for merchants’ future payment strategies,” Abdelrazik added.
Other Articles
TikTok Restores Service in the U.S. After Temporary Shutdown
