Egyptian fintech startup MoneyHash has raised $5.2 million in a pre-Series A funding round to strengthen its presence in the Middle East and North Africa (MENA) region. The funding will also support the company’s plans to expand into new markets.
Strategic Investment to Scale Operations
The funding round was led by Flourish Ventures, with participation from Vision Ventures, Arab Bank’s Xelerate Fund, and Emurgo Kepple Ventures. Angel investor Jason Gardner, the founder and former CEO of Marqeta, also joined the round alongside existing backers such as COTU, RZM Investment, and Tom Preston-Werner.
This investment brings MoneyHash’s total funding to $12.7 million. The startup previously secured $4.5 million in seed funding in 2024 and $3 million in pre-seed investment in 2022.
Simplifying Payment Management for Merchants
Founded in 2020 by Nader Abdelrazik and Mustafa Eid, MoneyHash addresses the challenges of fragmented payment systems in the MENA region. Large merchants often struggle to manage multiple payment methods and providers, especially when operating across borders.
MoneyHash offers a unified platform that integrates payment gateways like Checkout, Stripe, Ayden, Amazon Pay, Tap, and ValU through a single API. This solution optimizes payment success rates and reduces fraud risks. Initially, the company provided sandbox access to local gateways such as Fawry, Paymob, and PayTabs, enabling seamless connections.
A Comprehensive Integration Network
One of MoneyHash’s standout features is its extensive integration network. The platform boasts over 300 pre-integrated APIs for payment service providers and methods across more than 100 markets. This network ensures businesses can scale efficiently while maintaining streamlined payment operations.
“We’ve built MoneyHash specifically to help merchants overcome these complex challenges and turn payments from a liability into a strategic advantage,” said Nader Abdelrazik, co-founder and CEO.
Future-Proofing Payment Operations
With its innovative approach, MoneyHash is positioning itself as a game-changer in the MENA fintech space. By providing businesses with the tools to simplify payment processes, the company is not just solving current challenges but also preparing merchants for future growth.
MoneyHash’s $5.2 million funding round underscores its commitment to transforming payment management in the MENA region. As the company expands its reach, businesses can look forward to more efficient and secure payment solutions tailored to their needs.
