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Africa and the Middle East’s integrated suite of payment products and the first payment orchestration platform in the region, MoneyHash, has secured new funding from Tom Preston-Werner, co-founder of GitHub and former CEO. This marks Tom’s first investment in the Middle East and his second in the African market. Tom’s participation is part of an undisclosed seed financing, set to close in the coming weeks.
MoneyHash’s full suite of fully integrated products enables businesses to integrate multiple payment processors and methods, optimize payment flows and recurring revenue, reduce fraud and payment failures, streamline reconciliation processes, and handle various payment needs efficiently. Their mission is to empower medium to large businesses in emerging markets by simplifying the complexity of payment infrastructure, flows, and operations, giving them an unfair advantage to grow and expand their customer base.