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Egyptian fintech startup MoneyHash, which uses a universal API and a unified checkout experience to help businesses consolidate and grow their payments and financial tech stack, has announced a USD 3 Mn pre-seed funding round as it emerges from beta to launch across the Middle East and Africa.
The round was led by UAE-based venture capital firm COTU Ventures, with the participation of MENA fintech fund VentureSouq and European fund VentureFriends. Other participating funds include Nuwa Capital, The Continent Venture Partners, First Check Africa, Fox Ventures, Kepple Africa Ventures, and LoftyInc Capital Management.
MoneyHash provides a unified checkout experience built on top of a secure super-API that aggregates payment and fintech solutions through a single integration, as well as a central dashboard consolidating technical infrastructure and centralizing data and operational reporting. The startup will use the funds to grow its team and extend the capabilities of its product.