Egyptian startup MoneyHash, a company in the digital payments sector, has secured $4.5 million in funding for its payment orchestration platform, tailored specifically for merchants in the region.
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MoneyHash is using its seed investment to improve technology and expand regionally. Despite challenges, CEO Nader Abdelrazik is optimistic about growth in the Middle East and Africa payments market, emphasizing the need for patience and ongoing learning.
MoneyHash offers a payment orchestration platform with unified payment APIs for streamlined processes, customizable checkout, optimized transaction routing, and centralized reporting.
MoneyHash’s seed round was co-led by COTU Ventures and Sukna Ventures, with participation from RZM Investment, Dubai Future District Fund, VentureFriends, Tom Preston-Werner (GitHub’s founder and early Stripe investor), and a group of strategic investors and operators.
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