Cairo - Sharikat Mubasher: MoneyHash, a leading payment orchestration platform in the Middle East and Africa (MEA) region, secured $5.2 million in a pre-series A funding round led by Flourish Ventures with participation from Vision Ventures, Arab Bank's Xelerate, and Emurgo Kepple Ventures.
Existing investors including COTU, RZM Investment, Tom Preston-Werner, Founder of Github, and Jason Gardner, Founder and Former CEO of Marqeta, participated in the round, the company announced in a press release today.
MoneyHash will utilize the new investment to accelerate its market penetration in the region while laying the groundwork for strategic expansion into additional emerging markets.
This round underscored the company’s exceptional growth trajectory, validated by its successful partnerships with prominent brands and remarkable performance metrics across regional and global markets.
Nader Abdelrazik, Co-founder and CEO of MoneyHash, emphasized the company’s pivotal role in helping merchants overcome the complex challenges they face and turn payments from a liability into a strategic advantage.
"Strengthening our capital table capabilities is as crucial as enhancing our business and product offerings,” Abdelrazik explained. “In our early years, we strategically focused on partnering with strong regional investors to accelerate our market penetration. Now, with Flourish Ventures joining us, we're establishing a solid foundation for global expansion. Having such a fintech well-seasoned, globally recognized fund as our partner is particularly crucial for our next phase of growth.”
Meanwhile, Maram Alikaj, Chief Operating Officer of MoneyHash, commented: “What sets us apart is our focus on emerging markets combined with our unparalleled integration network. With over 300 pre-integrated APIs of payment service providers and methods across 100+ markets, we're not just solving today's challenges—we're future-proofing payment operations for our merchants.”
Founded in 2021 by Nader Abdelrazik and Mustafa Eid, MoneyHash offers a comprehensive payment operating system built for emerging markets, transforming existing payment setups into high-performance engines.
The platform seamlessly integrates with merchants' existing payment providers while delivering powerful capabilities: a unified API for pay-in and pay-out operations, a fully customizable checkout experience, sophisticated transaction routing with built-in fraud prevention and failure rate optimization, and comprehensive reporting tools.
